Principal Quality ETF (NASDAQ:PSET) Short Interest Up 55.2% in July

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 45 shares, an increase of 55.2% from the July 15th total of 29 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,496 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Principal Quality ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in Principal Quality ETF by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after buying an additional 1,023 shares during the period. Assetmark Inc. lifted its stake in shares of Principal Quality ETF by 26.9% in the 4th quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $111,000 after acquiring an additional 309 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Principal Quality ETF by 100.3% in the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in shares of Principal Quality ETF during the fourth quarter worth about $212,000. Finally, Smartleaf Asset Management LLC raised its holdings in Principal Quality ETF by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after purchasing an additional 1,019 shares in the last quarter.

Principal Quality ETF Trading Up 0.2%

Principal Quality ETF stock opened at $80.49 on Thursday. Principal Quality ETF has a twelve month low of $67.62 and a twelve month high of $81.85. The stock has a 50 day moving average of $77.33 and a two-hundred day moving average of $74.94. The stock has a market capitalization of $28.98 million, a price-to-earnings ratio of 29.66 and a beta of 1.00.

Principal Quality ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.1526 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.8%. This is a boost from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, July 1st.

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.