Principal Quality ETF (NASDAQ:PSET) was the recipient of a significant decrease in short interest in May. As of May 28th, there was short interest totalling 1,700 shares, a decrease of 91.6% from the May 13th total of 20,200 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is currently 0.0 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in shares of Principal Quality ETF in the 4th quarter valued at approximately $23,916,000. Cetera Advisors LLC bought a new stake in shares of Principal Quality ETF during the fourth quarter worth $4,031,000. Finally, Citadel Advisors LLC raised its holdings in shares of Principal Quality ETF by 165.8% during the first quarter. Citadel Advisors LLC now owns 18,284 shares of the company’s stock worth $897,000 after acquiring an additional 11,405 shares during the period.
Shares of NASDAQ PSET traded up $0.39 during midday trading on Friday, reaching $52.13. 158 shares of the stock were exchanged, compared to its average volume of 28,334. The business’s 50-day moving average is $51.24. Principal Quality ETF has a 12 month low of $37.58 and a 12 month high of $52.53.
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