Principal Quality ETF (NASDAQ:PSET – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 49 shares, a decline of 93.2% from the August 15th total of 716 shares. Based on an average daily trading volume, of 887 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Principal Quality ETF Trading Down 0.3%
PSET stock traded down $0.27 during trading on Thursday, reaching $77.28. 2,456 shares of the stock were exchanged, compared to its average volume of 2,485. The firm’s 50 day moving average is $78.76 and its 200 day moving average is $75.51. The firm has a market cap of $27.82 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.
Hedge Funds Weigh In On Principal Quality ETF
A number of institutional investors have recently modified their holdings of PSET. Citadel Advisors LLC bought a new position in shares of Principal Quality ETF in the 2nd quarter worth $364,000. Kestra Advisory Services LLC acquired a new stake in Principal Quality ETF in the 4th quarter valued at $65,000. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 1,019 shares in the last quarter. Raymond James Financial Inc. increased its stake in Principal Quality ETF by 13.3% during the 2nd 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 in the last quarter. Finally, Principal Financial Group Inc. raised 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 during the last quarter.
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.
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