Principal Quality ETF (NASDAQ:PSET) Short Interest Down 88.5% in May

Principal Quality ETF (NASDAQ:PSET) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 40 shares, a decrease of 88.5% from the May 14th total of 348 shares. Based on an average daily trading volume, of 1,374 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Principal Quality ETF

A number of large investors have recently modified their holdings of PSET. Raymond James Financial Inc. grew its holdings in shares of Principal Quality ETF by 13.3% during the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after buying an additional 1,023 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of Principal Quality ETF by 29.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,163 shares of the company’s stock worth $623,000 after buying an additional 1,839 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Principal Quality ETF by 26.9% during the fourth quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $111,000 after buying an additional 309 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Principal Quality ETF by 100.3% during the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after buying an additional 300 shares in the last quarter. Finally, Abacus Wealth Partners LLC purchased a new stake in shares of Principal Quality ETF during the fourth quarter worth $212,000.

Principal Quality ETF Stock Down 0.6%

Shares of Principal Quality ETF stock traded down $0.47 during trading hours on Wednesday, reaching $74.83. 6,555 shares of the company’s stock were exchanged, compared to its average volume of 3,068. Principal Quality ETF has a 1 year low of $67.62 and a 1 year high of $78.20. The company has a market capitalization of $32.93 million, a P/E ratio of 29.66 and a beta of 1.01. The business has a fifty day moving average of $74.08 and a two-hundred day moving average of $74.67.

Principal Quality ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.141 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%.

About Principal Quality ETF

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.