Principal Quality ETF (NASDAQ:PSET) Sees Large Growth in Short Interest

Principal Quality ETF (NASDAQ:PSETGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 16,300 shares, a growth of 136.2% from the March 31st total of 6,900 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 0.7 days.

A number of large investors have recently added to or reduced their stakes in PSET. Koshinski Asset Management Inc. bought a new position in Principal Quality ETF during the fourth quarter worth about $247,000. Dynamic Advisor Solutions LLC increased its position in Principal Quality ETF by 6.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,205 shares of the company’s stock worth $289,000 after acquiring an additional 335 shares during the period. LPL Financial LLC bought a new position in Principal Quality ETF during the fourth quarter worth about $593,000. Flow Traders U.S. LLC increased its position in Principal Quality ETF by 124.8% during the third quarter. Flow Traders U.S. LLC now owns 25,912 shares of the company’s stock worth $1,398,000 after acquiring an additional 14,385 shares during the period. Finally, Citadel Advisors LLC bought a new position in Principal Quality ETF during the third quarter worth about $1,615,000.

Shares of PSET opened at $53.28 on Friday. The company’s 50-day moving average is $54.02 and its 200-day moving average is $55.78. Principal Quality ETF has a fifty-two week low of $50.26 and a fifty-two week high of $60.65.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Monday, April 4th were given a $0.127 dividend. The ex-dividend date of this dividend was Friday, April 1st. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.11. This represents a $0.51 annualized dividend and a dividend yield of 0.95%.

See Also

Receive News & Ratings for Principal Quality ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Quality ETF and related companies with MarketBeat.com's FREE daily email newsletter.