Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Drops By 29.6%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 16,917 shares, a drop of 29.6% from the March 31st total of 24,013 shares. Based on an average trading volume of 178,925 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

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

Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 100.6% in the 4th quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock worth $676,557,000 after buying an additional 5,885,091 shares in the last quarter. Principal Securities Inc. increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 4.5% in the 4th quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock worth $133,900,000 after buying an additional 99,982 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth about $75,388,000. Wells Fargo & Company MN increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 39.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock worth $59,504,000 after buying an additional 289,331 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the 4th quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock worth $46,785,000 after buying an additional 297,560 shares in the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 2.0%

Shares of NASDAQ:PSC traded up $1.26 on Thursday, hitting $63.31. 111,992 shares of the company traded hands, compared to its average volume of 180,189. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $47.73 and a 52 week high of $63.90. The stock has a 50 day simple moving average of $59.55 and a 200-day simple moving average of $58.83. The company has a market cap of $1.99 billion, a PE ratio of 17.29 and a beta of 1.00.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.1078 dividend. This represents a $0.43 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, April 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

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.