Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 179.1% in April

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 47,210 shares, an increase of 179.1% from the April 15th total of 16,917 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 113,759 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

A number of large investors have recently bought and sold shares of PSC. Spartan Wealth Advisory Services LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at $1,180,000. RFG Bristol Wealth Advisors LLC increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 9.0% in the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 139,728 shares of the company’s stock worth $8,010,000 after acquiring an additional 11,594 shares during the last quarter. truNorth Financial Services Inc. raised its stake in Principal U.S. Small-Cap Multi-Factor ETF by 33.0% in the 1st quarter. truNorth Financial Services Inc. now owns 5,434 shares of the company’s stock valued at $312,000 after acquiring an additional 1,347 shares during the period. Sigma Planning Corp raised its stake in Principal U.S. Small-Cap Multi-Factor ETF by 5.6% in the 1st quarter. Sigma Planning Corp now owns 22,519 shares of the company’s stock valued at $1,291,000 after acquiring an additional 1,202 shares during the period. Finally, Flynn Zito Capital Management LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the first quarter valued at about $2,771,000.

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

Shares of PSC stock opened at $64.13 on Friday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $49.90 and a 52 week high of $64.99. The firm’s 50-day simple moving average is $60.21 and its two-hundred day simple moving average is $59.32.

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

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

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.