Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 20,017 shares, a decline of 73.3% from the February 26th total of 75,107 shares. Based on an average daily volume of 358,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 1.7%

Shares of PSC traded down $0.98 during mid-day trading on Thursday, reaching $57.16. The company’s stock had a trading volume of 151,035 shares, compared to its average volume of 197,261. The business has a fifty day moving average of $59.74 and a 200 day moving average of $58.21. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $42.36 and a 1 year high of $62.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Redwood Financial Network Corp acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $218,000. Farther Finance Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at about $230,000. Goldman Sachs Group Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $231,000. truNorth Financial Services Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $236,000. Finally, Round Rock Advisors LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $274,000.

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.