Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 385 shares, a decline of 42.5% from the February 12th total of 669 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,897 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,897 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Principal Quality ETF Stock Performance

PSET stock opened at $72.61 on Thursday. The stock has a market capitalization of $33.40 million, a PE ratio of 29.66 and a beta of 1.02. The company has a fifty day moving average of $75.28 and a 200-day moving average of $75.83. Principal Quality ETF has a one year low of $58.37 and a one year high of $78.20.

Institutional Investors Weigh In On Principal Quality ETF

Hedge funds have recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC acquired a new position in Principal Quality ETF during the 4th quarter worth approximately $212,000. Capital Investment Advisory Services LLC grew its holdings in Principal Quality ETF by 29.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,163 shares of the company’s stock worth $623,000 after acquiring an additional 1,839 shares during the period. Osaic Holdings Inc. raised its position in Principal Quality ETF by 3.2% in the second quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock worth $2,824,000 after acquiring an additional 1,178 shares in the last quarter. Raymond James Financial Inc. raised its position in Principal Quality ETF by 13.3% in the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Principal Quality ETF by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after acquiring an additional 1,019 shares during the period.

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.