Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Up 125.9% in March

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 37,500 shares, a growth of 125.9% from the March 15th total of 16,600 shares. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Principal U.S. Mega-Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Advisor Alliance purchased a new position in Principal U.S. Mega-Cap ETF during the fourth quarter worth $230,000. Stifel Financial Corp purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $237,000. Cornerstone Wealth Management LLC bought a new position in Principal U.S. Mega-Cap ETF during the 4th quarter valued at about $274,000. Blair William & Co. IL lifted its stake in Principal U.S. Mega-Cap ETF by 26.7% in the fourth quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock worth $281,000 after purchasing an additional 986 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $324,000.

Principal U.S. Mega-Cap ETF Trading Down 0.1 %

Shares of NASDAQ:USMC opened at $55.15 on Wednesday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 26.08 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12 month low of $48.52 and a 12 month high of $63.13. The company has a 50-day moving average price of $58.07 and a 200 day moving average price of $59.02.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a $0.1323 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, April 1st.

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.