Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 16.7% in March

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 11,000 shares, a drop of 16.7% from the March 15th total of 13,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Institutional investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 187.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock valued at $99,000 after buying an additional 1,265 shares in the last quarter. Comerica Bank acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $196,000. Stratos Investment Management LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth $204,000. SeaCrest Wealth Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $211,000. Finally, Ameriflex Group Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $222,000.

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

Shares of PSC opened at $44.86 on Tuesday. The firm has a market cap of $660.34 million, a PE ratio of 14.78 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a 52-week low of $42.36 and a 52-week high of $57.24. The business’s 50 day moving average price is $48.62 and its two-hundred day moving average price is $51.58.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.1103 dividend. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, April 1st.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.