Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 128.8% in June

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 30,826 shares, a growth of 128.8% from the May 31st total of 13,475 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 120,392 shares, the days-to-cover ratio is currently 0.3 days.

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

A number of hedge funds have recently modified their holdings of PSC. NewEdge Advisors LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 21.8% in the second quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock worth $2,044,000 after buying an additional 6,859 shares during the period. Jane Street Group LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the second quarter valued at $569,000. Great Valley Advisor Group Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $3,831,000. MML Investors Services LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $748,000. Finally, Smartleaf Asset Management LLC boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 64.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 18,590 shares of the company’s stock worth $987,000 after acquiring an additional 7,319 shares during the period.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.1%

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock traded up $0.10 during trading on Monday, hitting $69.22. The stock had a trading volume of 77,480 shares, compared to its average volume of 157,325. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $51.34 and a 1 year high of $69.48. The stock has a 50 day simple moving average of $65.06 and a 200 day simple moving average of $61.36. The company has a market capitalization of $2.18 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. This represents a $0.43 annualized dividend and a yield of 0.6%. 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.

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.