Principal Quality ETF (NASDAQ:PSET) Shares Shorted: Short Interest Down 85.7% in September

Principal Quality ETF (NASDAQ:PSET) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 7 shares, a drop of 85.7% from the August 31st total of 49 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,719 shares, the short-interest ratio is currently 0.0 days.

Principal Quality ETF Stock Up 0.3%

PSET stock traded up $0.24 during trading on Friday, hitting $78.87. 2,628 shares of the company’s stock traded hands, compared to its average volume of 2,564. The firm has a market capitalization of $26.82 million, a P/E ratio of 29.66 and a beta of 1.00. The business has a fifty day simple moving average of $79.06 and a two-hundred day simple moving average of $75.80. Principal Quality ETF has a 1 year low of $67.62 and a 1 year high of $81.85.

Institutional Trading of Principal Quality ETF

A hedge fund recently raised its position in Principal Quality ETF stock. Principal Financial Group Inc. lifted its stake in Principal Quality ETF (NASDAQ:PSET) by 21.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,231 shares of the company’s stock after acquiring an additional 1,090 shares during the period. Principal Financial Group Inc. owned 1.42% of Principal Quality ETF worth $434,000 at the end of the most recent quarter.

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.