Short Interest in Principal Quality ETF (NASDAQ:PSET) Drops By 66.9%

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 156 shares, a drop of 66.9% from the November 30th total of 471 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,710 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,710 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Principal Quality ETF Trading Up 0.1%

PSET stock traded up $0.04 during mid-day trading on Friday, reaching $77.49. 321 shares of the stock traded hands, compared to its average volume of 5,818. Principal Quality ETF has a 52-week low of $58.37 and a 52-week high of $78.20. The stock’s fifty day moving average is $76.31 and its 200-day moving average is $75.23. The company has a market cap of $54.24 million, a P/E ratio of 29.66 and a beta of 1.02.

Hedge Funds Weigh In On Principal Quality ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSET. Envestnet Asset Management Inc. grew its stake in Principal Quality ETF by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 341,140 shares of the company’s stock valued at $25,108,000 after purchasing an additional 41,515 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Principal Quality ETF by 3.2% during the 2nd quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock valued at $2,824,000 after buying an additional 1,178 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Principal Quality ETF by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after buying an additional 1,023 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Principal Quality ETF by 3.6% in the second quarter. Prospera Financial Services Inc now owns 5,705 shares of the company’s stock worth $420,000 after buying an additional 200 shares during the last quarter. Finally, Assetmark Inc. bought a new position in Principal Quality ETF during the second quarter valued at approximately $85,000.

Principal Quality ETF Company Profile

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.