Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 20,413 shares, a decrease of 47.2% from the August 15th total of 38,646 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 113,973 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. grew its holdings in Principal U.S. Mega-Cap ETF by 2.1% during the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock valued at $306,013,000 after purchasing an additional 91,106 shares during the period. Symphony Financial Services Inc. lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 6.1% in the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock worth $15,603,000 after buying an additional 13,925 shares in the last quarter. Royal Bank of Canada boosted its holdings in Principal U.S. Mega-Cap ETF by 35.4% in the 1st quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after purchasing an additional 30,690 shares during the period. Ameritas Advisory Services LLC purchased a new position in Principal U.S. Mega-Cap ETF during the second quarter worth about $6,818,000. Finally, Greenwood Capital Associates LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF by 14.8% during the first quarter. Greenwood Capital Associates LLC now owns 35,210 shares of the company’s stock worth $2,264,000 after purchasing an additional 4,552 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of NASDAQ USMC traded down $0.38 during midday trading on Tuesday, hitting $75.51. 28,937 shares of the stock traded hands, compared to its average volume of 109,704. The company has a market cap of $5.04 billion, a PE ratio of 27.59 and a beta of 0.95. The business has a 50 day moving average price of $75.37 and a two-hundred day moving average price of $71.81. Principal U.S. Mega-Cap ETF has a one year low of $62.28 and a one year high of $77.20.

Principal U.S. Mega-Cap ETF Company Profile

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.