Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Grows By 179.1%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 47,210 shares, a growth of 179.1% from the April 15th total of 16,917 shares. Based on an average daily trading volume, of 113,759 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 1.6%

Shares of PSC stock traded down $1.03 on Friday, reaching $63.10. The stock had a trading volume of 81,280 shares, compared to its average volume of 170,476. The firm’s 50-day moving average is $60.26 and its two-hundred day moving average is $59.34. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $49.90 and a 12 month high of $64.99.

Principal U.S. Small-Cap Multi-Factor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued a $0.1078 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSC. NewEdge Advisors LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 21.8% in the 2nd quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock valued at $2,044,000 after purchasing an additional 6,859 shares during the period. Jane Street Group LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at about $569,000. Great Valley Advisor Group Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at about $3,831,000. MML Investors Services LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at about $748,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 64.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 18,590 shares of the company’s stock valued at $987,000 after purchasing an additional 7,319 shares during the period.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.