Principal Quality ETF (NASDAQ:PSET) Sees Significant Decrease in Short Interest

Principal Quality ETF (NASDAQ:PSET) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 156 shares, a decline of 66.9% from the November 30th total of 471 shares. Based on an average daily trading volume, of 1,710 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,710 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Principal Quality ETF

A number of large investors have recently bought and sold shares of PSET. Assetmark Inc. acquired a new stake in Principal Quality ETF during the 2nd quarter worth approximately $85,000. Prospera Financial Services Inc increased its position in shares of Principal Quality ETF by 3.6% during the second quarter. Prospera Financial Services Inc now owns 5,705 shares of the company’s stock worth $420,000 after acquiring an additional 200 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Principal Quality ETF by 13.3% during the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after acquiring an additional 1,023 shares during the period. Osaic Holdings Inc. lifted its position in Principal Quality ETF by 3.2% in the 2nd quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock valued at $2,824,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Principal Quality ETF by 13.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 341,140 shares of the company’s stock valued at $25,108,000 after acquiring an additional 41,515 shares in the last quarter.

Principal Quality ETF Stock Performance

PSET stock traded up $0.25 during midday trading on Friday, hitting $77.49. 805 shares of the company’s stock were exchanged, compared to its average volume of 5,841. The stock’s fifty day moving average price is $76.27 and its 200-day moving average price is $75.16. The company has a market cap of $54.24 million, a PE ratio of 29.66 and a beta of 1.02. Principal Quality ETF has a one year low of $58.37 and a one year high of $78.20.

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.