Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 45 shares, a growth of 55.2% from the July 15th total of 29 shares. Based on an average trading volume of 1,496 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Principal Quality ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSET. Principal Financial Group Inc. grew its stake in shares of Principal Quality ETF by 21.2% during the first quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock valued at $434,000 after buying an additional 1,090 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Principal Quality ETF during the 4th quarter worth approximately $65,000. Smartleaf Asset Management LLC boosted its holdings in Principal Quality ETF by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after acquiring an additional 1,019 shares during the period. Abacus Wealth Partners LLC purchased a new stake in shares of Principal Quality ETF during the fourth quarter valued at $212,000. Finally, Farther Finance Advisors LLC grew its stake in Principal Quality ETF by 100.3% in the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares in the last quarter.

Principal Quality ETF Stock Performance

Shares of PSET opened at $80.70 on Tuesday. The company’s fifty day simple moving average is $77.10 and its 200-day simple moving average is $74.87. The company has a market cap of $29.05 million, a P/E ratio of 29.66 and a beta of 1.00. Principal Quality ETF has a twelve month low of $67.62 and a twelve month high of $81.85.

Principal Quality ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.1526 per share. This represents a $0.61 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 1st. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.14.

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.