Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 179.1% in April

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 47,210 shares, a growth of 179.1% from the April 15th total of 16,917 shares. Based on an average trading volume of 113,759 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

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

Principal U.S. Small-Cap Multi-Factor ETF stock opened at $64.13 on Friday. The firm has a 50-day moving average of $60.21 and a 200-day moving average of $59.32. The firm has a market cap of $2.02 billion, a P/E ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $49.90 and a 1-year high of $64.99.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. This represents a $0.43 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend 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.

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

Several hedge funds have recently made changes to their positions in PSC. Principal Financial Group Inc. raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 100.6% during the fourth quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after acquiring an additional 5,885,091 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth $75,388,000. LPL Financial LLC lifted its position in shares of 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 purchasing an additional 297,560 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 39.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock valued at $59,504,000 after purchasing an additional 289,331 shares in the last quarter. Finally, Veracity Capital LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $15,270,000.

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.