Short Interest in Principal Quality ETF (NASDAQ:PSET) Rises By 17.6%

Principal Quality ETF (NASDAQ:PSET) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 2,000 shares, a growth of 17.6% from the February 13th total of 1,700 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.5 days.

Principal Quality ETF Trading Up 0.9 %

Shares of Principal Quality ETF stock traded up $0.60 during mid-day trading on Wednesday, reaching $67.58. 423 shares of the stock were exchanged, compared to its average volume of 2,281. The company has a market cap of $55.42 million, a price-to-earnings ratio of 26.72 and a beta of 0.94. Principal Quality ETF has a fifty-two week low of $62.16 and a fifty-two week high of $75.56. The firm has a 50-day simple moving average of $71.64 and a 200 day simple moving average of $71.54.

Principal Quality ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were given a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

Institutional Investors Weigh In On Principal Quality ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC increased its position in Principal Quality ETF by 211.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock valued at $115,000 after acquiring an additional 1,089 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Principal Quality ETF by 90.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,640 shares of the company’s stock valued at $190,000 after acquiring an additional 1,253 shares in the last quarter. LPL Financial LLC grew its position in shares of Principal Quality ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 55,404 shares of the company’s stock worth $3,965,000 after buying an additional 1,686 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Principal Quality ETF by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after buying an additional 3,037 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Principal Quality ETF by 1.9% during the 4th quarter. Principal Securities Inc. now owns 277,335 shares of the company’s stock worth $19,849,000 after buying an additional 5,166 shares during the period.

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.