Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Drop in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 20,017 shares, a decrease of 73.3% from the February 26th total of 75,107 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 358,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 358,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Principal U.S. Small-Cap Multi-Factor ETF Stock Performance

Shares of PSC stock opened at $57.62 on Wednesday. The stock has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $58.21. The firm has a market capitalization of $1.64 billion, a PE ratio of 17.29 and a beta of 1.07. Principal U.S. Small-Cap Multi-Factor ETF has a 52-week low of $42.36 and a 52-week high of $62.17.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors have recently made changes to their positions in PSC. Redwood Financial Network Corp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at approximately $218,000. Farther Finance Advisors LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at approximately $230,000. Goldman Sachs Group Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $231,000. truNorth Financial Services Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth $236,000. Finally, Round Rock Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $274,000.

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.