Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMCGet Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 29,400 shares, a decrease of 28.8% from the March 31st total of 41,300 shares. Based on an average trading volume of 108,700 shares, the short-interest ratio is presently 0.3 days.

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at about $350,000. UBS Group AG raised its position in shares of Principal U.S. Mega-Cap ETF by 3.9% in the 3rd quarter. UBS Group AG now owns 9,800 shares of the company’s stock valued at $395,000 after purchasing an additional 370 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $902,000. Susquehanna International Group LLP grew its position in Principal U.S. Mega-Cap ETF by 7.9% during the 4th quarter. Susquehanna International Group LLP now owns 21,814 shares of the company’s stock worth $968,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Principal U.S. Mega-Cap ETF by 3.4% during the 4th quarter. Bank of America Corp DE now owns 52,034 shares of the company’s stock valued at $2,305,000 after purchasing an additional 1,712 shares in the last quarter.

Shares of USMC opened at $39.43 on Monday. The company has a 50 day moving average price of $41.48. Principal U.S. Mega-Cap ETF has a twelve month low of $37.62 and a twelve month high of $44.79.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Monday, April 4th were given a $0.167 dividend. This is a boost from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, April 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 1.69%.

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