Principal Quality ETF (NASDAQ:PSET) Sees Significant Decrease in Short Interest

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 40 shares, a decrease of 88.5% from the May 14th total of 348 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,374 shares, the short-interest ratio is presently 0.0 days.

Principal Quality ETF Price Performance

Shares of PSET stock traded up $0.46 during trading hours on Tuesday, reaching $75.30. 12,709 shares of the company’s stock were exchanged, compared to its average volume of 3,078. The company has a market cap of $33.13 million, a P/E ratio of 29.66 and a beta of 1.01. The company’s 50 day moving average is $73.93 and its two-hundred day moving average is $74.66. Principal Quality ETF has a 1 year low of $67.62 and a 1 year high of $78.20.

Principal Quality ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.141 per share. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On Principal Quality ETF

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of Principal Quality ETF by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after purchasing an additional 1,019 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Principal Quality ETF by 13.3% in the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after purchasing an additional 1,023 shares during the period. Principal Financial Group Inc. boosted its holdings in Principal Quality ETF by 21.2% during the first quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock worth $434,000 after buying an additional 1,090 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Principal Quality ETF during the fourth quarter worth about $65,000. Finally, Abacus Wealth Partners LLC acquired a new position in Principal Quality ETF during the fourth quarter worth about $212,000.

About Principal Quality ETF

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.