Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Down 32.5% in March

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Rating) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 41,300 shares, a decrease of 32.5% from the March 15th total of 61,200 shares. Based on an average trading volume of 133,700 shares, the days-to-cover ratio is presently 0.3 days.

USMC opened at $41.83 on Friday. Principal U.S. Mega-Cap ETF has a 52-week low of $37.62 and a 52-week high of $44.79. The firm’s 50-day moving average price is $41.62 and its 200-day moving average price is $42.27.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Monday, April 4th were issued a dividend of $0.167 per share. The ex-dividend date was Friday, April 1st. This represents a $0.67 annualized dividend and a dividend yield of 1.60%. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.16.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Principal U.S. Mega-Cap ETF by 4,045.7% during the fourth quarter. Principal Financial Group Inc. now owns 35,993,928 shares of the company’s stock valued at $1,595,100,000 after acquiring an additional 35,125,695 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 58.9% during the fourth quarter. Horizon Investments LLC now owns 1,332,218 shares of the company’s stock valued at $59,017,000 after acquiring an additional 494,026 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Principal U.S. Mega-Cap ETF by 60.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 596,424 shares of the company’s stock valued at $26,422,000 after acquiring an additional 223,814 shares in the last quarter. Segment Wealth Management LLC increased its holdings in Principal U.S. Mega-Cap ETF by 3.9% in the 4th quarter. Segment Wealth Management LLC now owns 156,283 shares of the company’s stock worth $6,923,000 after buying an additional 5,822 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in Principal U.S. Mega-Cap ETF by 9.5% in the 4th quarter. Golden State Wealth Management LLC now owns 153,839 shares of the company’s stock worth $6,815,000 after buying an additional 13,395 shares during the period.

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