Principal Quality ETF (NASDAQ:PSET) Sees Significant Increase in Short Interest

Principal Quality ETF (NASDAQ:PSET) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 45 shares, an increase of 55.2% from the July 15th total of 29 shares. Based on an average daily trading volume, of 1,496 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Principal Quality ETF Trading Down 0.6%

Shares of PSET opened at $80.25 on Wednesday. Principal Quality ETF has a 52 week low of $67.62 and a 52 week high of $81.85. The firm has a market cap of $28.89 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. The stock has a 50 day moving average of $77.20 and a 200-day moving average of $74.90.

Principal Quality ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.1526 dividend. This is a boost from Principal Quality ETF’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of Principal Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Principal Quality ETF by 100.3% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after buying an additional 300 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Principal Quality ETF by 26.9% during the fourth quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock valued at $111,000 after acquiring an additional 309 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Principal Quality ETF during the fourth quarter valued at $65,000. Smartleaf Asset Management LLC grew its position in shares of Principal Quality ETF by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Principal Quality ETF by 13.3% during 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 during the last quarter.

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.