Short Interest in Principal Quality ETF (NASDAQ:PSET) Declines By 93.2%

Principal Quality ETF (NASDAQ:PSET) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 49 shares, a drop of 93.2% from the August 15th total of 716 shares. Based on an average daily trading volume, of 887 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Principal Quality ETF in the fourth quarter worth $65,000. Abacus Wealth Partners LLC bought a new stake in Principal Quality ETF in the 4th quarter valued at $212,000. Citadel Advisors LLC bought a new stake in Principal Quality ETF in the 2nd quarter valued at $364,000. Smartleaf Asset Management LLC raised its stake in shares of Principal Quality ETF by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after buying an additional 1,019 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Principal Quality ETF by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock worth $434,000 after acquiring an additional 1,090 shares during the period.

Principal Quality ETF Trading Up 1.0%

PSET stock traded up $0.80 during trading on Friday, reaching $78.08. 2,650 shares of the stock were exchanged, compared to its average volume of 2,485. Principal Quality ETF has a twelve month low of $67.62 and a twelve month high of $81.85. The company has a market capitalization of $28.11 million, a P/E ratio of 29.66 and a beta of 1.00. The stock has a 50 day simple moving average of $78.79 and a 200-day simple moving average of $75.53.

Principal Quality ETF Company Profile

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.