Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Down 20.8% in April

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 17,500 shares, a decrease of 20.8% from the March 31st total of 22,100 shares. Based on an average trading volume of 111,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Principal U.S. Mega-Cap ETF

A number of large investors have recently added to or reduced their stakes in USMC. Capital Investment Advisory Services LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter valued at about $50,000. International Assets Investment Management LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock worth $114,000 after purchasing an additional 2,351 shares during the last quarter. Laidlaw Wealth Management LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $312,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth about $613,000. Finally, J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 16.6% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 17,612 shares of the company’s stock worth $754,000 after purchasing an additional 2,510 shares during the last quarter.

Principal U.S. Mega-Cap ETF Trading Up 1.1 %

Shares of NASDAQ USMC opened at $49.93 on Monday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 26.69 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $39.38 and a 52 week high of $51.79. The company’s 50-day moving average price is $50.48 and its 200 day moving average price is $47.52.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1548 dividend. The ex-dividend date of this dividend was Monday, 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.