Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 48.5% from the January 31st total of 3,300 shares. Based on an average trading volume of 3,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Principal Quality ETF

Several large investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Principal Quality ETF by 211.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock worth $115,000 after acquiring an additional 1,089 shares during the period. Smartleaf Asset Management LLC grew its holdings in Principal Quality ETF by 90.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,640 shares of the company’s stock valued at $190,000 after buying an additional 1,253 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Principal Quality ETF in the 4th quarter worth $441,000. Golden State Wealth Management LLC purchased a new stake in shares of Principal Quality ETF during the 4th quarter worth about $2,136,000. Finally, LPL Financial LLC raised its stake in shares of Principal Quality ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 55,404 shares of the company’s stock valued at $3,965,000 after acquiring an additional 1,686 shares during the period.

Principal Quality ETF Stock Performance

PSET stock traded down $1.41 during midday trading on Monday, reaching $68.94. 1,968 shares of the company were exchanged, compared to its average volume of 4,212. The stock’s 50-day simple moving average is $72.83 and its 200 day simple moving average is $71.67. The company has a market cap of $56.53 million, a price-to-earnings ratio of 28.95 and a beta of 0.94. Principal Quality ETF has a 1-year low of $62.16 and a 1-year high of $75.56.

Principal Quality ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

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.