Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 106.4% in July

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 27,474 shares, a growth of 106.4% from the June 30th total of 13,313 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 219,443 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in 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 worth $2,044,000 after purchasing an additional 6,859 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the second quarter valued at approximately $569,000. Great Valley Advisor Group Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $3,831,000. MML Investors Services LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $748,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 64.9% during 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 last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.7%

NASDAQ PSC opened at $68.49 on Friday. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $51.34 and a 12 month high of $70.56. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00. The company’s 50 day moving average is $67.50 and its two-hundred day moving average is $62.99.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.0868 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%.

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.