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

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 40 shares, a decline of 88.5% from the May 14th total of 348 shares. Based on an average daily volume of 1,374 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSET. Farther Finance Advisors LLC grew its stake in Principal Quality ETF by 100.3% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Principal Quality ETF during the 4th quarter worth $65,000. Assetmark Inc. grew its stake in Principal Quality ETF by 26.9% during the 4th quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $111,000 after purchasing an additional 309 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in Principal Quality ETF during the 4th quarter worth $212,000. Finally, Smartleaf Asset Management LLC grew its stake in Principal Quality ETF by 25.0% during the 4th 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 0.6%

PSET traded up $0.46 on Tuesday, hitting $75.30. 12,709 shares of the company were exchanged, compared to its average volume of 3,078. Principal Quality ETF has a twelve month low of $67.62 and a twelve month high of $78.20. The company has a market cap of $33.13 million, a price-to-earnings ratio of 29.66 and a beta of 1.01. The firm has a 50-day moving average price of $73.93 and a two-hundred day moving average price of $74.66.

Principal Quality ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.14.

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.