Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Stock Short Interest Report for September

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 26,782 shares, a drop of 36.0% from the September 15th total of 41,843 shares. Based on an average trading volume of 97,213 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

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

Shares of NASDAQ:PSC opened at $67.50 on Friday. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $53.73 and a 52 week high of $70.90. The company has a market capitalization of $2.72 billion, a PE ratio of 17.29 and a beta of 1.02. The company has a 50 day moving average price of $68.47 and a two-hundred day moving average price of $66.44.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, October 1st were given a $0.1257 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% in the first quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock valued at $719,094,000 after acquiring an additional 814,741 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth about $10,450,000. Kestra Advisory Services LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 478.9% during the first quarter. Kestra Advisory Services LLC now owns 67,575 shares of the company’s stock worth $3,874,000 after purchasing an additional 55,902 shares during the period. Flynn Zito Capital Management LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter valued at about $2,771,000. Finally, GTS Financial LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter valued at about $1,806,000.

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.