Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Significant Decrease in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 4,400 shares, a decrease of 67.4% from the December 31st total of 13,500 shares. Based on an average trading volume of 47,000 shares, the short-interest ratio is presently 0.1 days.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

Principal U.S. Small-Cap Multi-Factor ETF stock traded up $0.17 during midday trading on Tuesday, reaching $53.32. The company’s stock had a trading volume of 25,189 shares, compared to its average volume of 47,923. The stock has a market capitalization of $771.01 million, a P/E ratio of 9.54 and a beta of 1.19. The stock’s 50-day simple moving average is $53.42 and its 200-day simple moving average is $51.95. Principal U.S. Small-Cap Multi-Factor ETF has a 52-week low of $45.17 and a 52-week high of $57.24.

Principal U.S. Small-Cap Multi-Factor ETF Cuts Dividend

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

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in PSC. International Assets Investment Management LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% during the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after purchasing an additional 13,912 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.8% during the 3rd quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock valued at $67,431,000 after buying an additional 35,009 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock valued at $499,494,000 after buying an additional 37,369 shares during the period. Sigma Planning Corp boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.2% in the third quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock worth $1,688,000 after buying an additional 702 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth about $1,151,000.

About Principal U.S. Small-Cap Multi-Factor ETF

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.