Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 39.7% in February

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 24,512 shares, a decrease of 39.7% from the January 29th total of 40,649 shares. Based on an average trading volume of 206,571 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 206,571 shares, the days-to-cover ratio is presently 0.1 days.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

NASDAQ PSC opened at $60.24 on Friday. The stock’s 50 day simple moving average is $60.16 and its 200-day simple moving average is $57.81. The company has a market cap of $1.71 billion, a PE ratio of 17.29 and a beta of 1.07. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $42.36 and a 1-year high of $62.17.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSC. Integrity Financial Corp WA acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at about $1,443,000. First Horizon Advisors Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 40.2% during the second quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock worth $73,000 after acquiring an additional 390 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 32.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,351 shares of the company’s stock valued at $871,000 after acquiring an additional 3,981 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at about $1,088,000. Finally, NewEdge Advisors LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 21.8% in the 2nd quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock valued at $2,044,000 after acquiring an additional 6,859 shares during the last quarter.

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.