Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 30,874 shares, a decrease of 39.1% from the July 15th total of 50,708 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 89,696 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USMC. Compass Financial Management LLC bought a new position in Principal U.S. Mega-Cap ETF in the 2nd quarter worth $83,000. Parallel Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF during the first quarter valued at about $26,000. Bank of America Corp DE raised its holdings in Principal U.S. Mega-Cap ETF by 42.8% during the first quarter. Bank of America Corp DE now owns 12,245 shares of the company’s stock valued at $788,000 after acquiring an additional 3,668 shares during the period. Royal Bank of Canada lifted its position in shares of Principal U.S. Mega-Cap ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after acquiring an additional 30,690 shares in the last quarter. Finally, Symphony Financial Services Inc. lifted its position in shares of Principal U.S. Mega-Cap ETF by 6.1% in the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock valued at $15,603,000 after acquiring an additional 13,925 shares in the last quarter.

Principal U.S. Mega-Cap ETF Trading Down 0.2%

NASDAQ USMC opened at $76.46 on Tuesday. Principal U.S. Mega-Cap ETF has a 12 month low of $62.28 and a 12 month high of $76.96. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The company’s 50 day moving average is $74.23 and its two-hundred day moving average is $70.55.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.139 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.