Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 56.8% in June

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 13,313 shares, a decrease of 56.8% from the June 15th total of 30,826 shares. Based on an average daily volume of 134,058 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 21.8% in the second quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock worth $2,044,000 after acquiring an additional 6,859 shares during the last quarter. Jane Street Group LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the second quarter worth about $569,000. Great Valley Advisor Group Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the second quarter worth about $3,831,000. MML Investors Services LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $748,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 64.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 18,590 shares of the company’s stock worth $987,000 after purchasing an additional 7,319 shares during the period.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.3%

Shares of PSC stock traded up $0.22 during trading hours on Tuesday, hitting $68.19. The company’s stock had a trading volume of 63,204 shares, compared to its average volume of 156,609. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $51.34 and a twelve month high of $70.56. The business has a fifty day moving average of $66.40 and a 200-day moving average of $62.15. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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. Shareholders of record on Wednesday, July 1st were paid a $0.0868 dividend. This represents a $0.35 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.