Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 128.8% in June

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 30,826 shares, an increase of 128.8% from the May 31st total of 13,475 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 120,392 shares, the short-interest ratio is presently 0.3 days.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.4%

PSC stock traded down $0.29 during trading on Wednesday, reaching $69.83. 92,376 shares of the stock were exchanged, compared to its average volume of 159,185. The firm has a market cap of $2.20 billion, a P/E ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $51.34 and a twelve month high of $70.56. The firm’s 50 day moving average is $65.37 and its 200 day moving average is $61.52.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be given a dividend of $0.0868 per share. This represents a $0.35 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, July 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PSC. Brookwood Investment Group LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth $992,000. Truist Financial Corp lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.0% in the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after acquiring an additional 9,582 shares during the last quarter. RFG Bristol Wealth Advisors LLC lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock valued at $7,397,000 after acquiring an additional 9,888 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 66.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock valued at $2,492,000 after acquiring an additional 17,159 shares during the period. Finally, Northwest Wealth Advisors LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $1,914,000.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.