Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Declines By 57.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 19,922 shares, a drop of 57.8% from the April 30th total of 47,210 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 96,765 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock valued at $674,000 after acquiring an additional 236 shares during the last quarter. Sheets Smith Wealth Management grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 4.6% in the fourth quarter. Sheets Smith Wealth Management now owns 11,877 shares of the company’s stock valued at $686,000 after acquiring an additional 517 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock worth $2,366,000 after purchasing an additional 585 shares during the last quarter. Integrity Financial Corp WA grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.3% during the fourth quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock worth $1,883,000 after purchasing an additional 722 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 14.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,997 shares of the company’s stock worth $417,000 after purchasing an additional 877 shares during the last quarter.

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

Shares of NASDAQ PSC traded down $0.30 during mid-day trading on Monday, reaching $65.76. The company had a trading volume of 62,126 shares, compared to its average volume of 165,181. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $50.44 and a one year high of $66.10. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. The business’s 50-day simple moving average is $61.63 and its 200 day simple moving average is $59.92.

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

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were given a $0.1078 dividend. The ex-dividend date was Wednesday, April 1st. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.7%.

About Principal U.S. Small-Cap Multi-Factor ETF

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.