Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 20.0% in March

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 24,013 shares, a growth of 20.0% from the March 15th total of 20,017 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 111,413 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of large investors have recently modified their holdings of the business. Sheets Smith Wealth Management grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 7.9% during the first quarter. Sheets Smith Wealth Management now owns 12,819 shares of the company’s stock worth $735,000 after acquiring an additional 942 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 117,276 shares of the company’s stock worth $6,770,000 after acquiring an additional 3,881 shares during the last quarter. truNorth Financial Services Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $236,000. Osaic Holdings Inc. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 16.8% during the fourth quarter. Osaic Holdings Inc. now owns 125,427 shares of the company’s stock worth $7,243,000 after acquiring an additional 18,075 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 33.6% during the fourth quarter. Advisory Services Network LLC now owns 7,334 shares of the company’s stock worth $423,000 after acquiring an additional 1,846 shares during the last quarter.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock opened at $62.83 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 17.29 and a beta of 1.00. The company has a 50-day simple moving average of $59.17 and a two-hundred day simple moving average of $58.48. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $44.22 and a one year high of $63.31.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.1078 per share. The ex-dividend date was Wednesday, April 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.7%.

About Principal U.S. Small-Cap Multi-Factor ETF

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.