Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 11,000 shares, a decline of 16.7% from the March 15th total of 13,200 shares. Based on an average trading volume of 68,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock valued at $99,000 after buying an additional 1,265 shares during the last quarter. Comerica Bank bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $196,000. Stratos Investment Management LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth $204,000. SeaCrest Wealth Management LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $211,000. Finally, Avaii Wealth Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at $221,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.5 %

NASDAQ:PSC opened at $45.84 on Monday. The company has a market capitalization of $674.75 million, a P/E ratio of 14.78 and a beta of 1.19. The business’s 50-day moving average is $48.78 and its 200 day moving average is $51.62. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $42.36 and a 12 month high of $57.24.

Principal U.S. Small-Cap Multi-Factor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1103 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, April 1st.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.