Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

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

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.6%

Shares of PSC stock opened at $63.10 on Friday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. The stock has a 50-day moving average of $60.26 and a 200-day moving average of $59.34. 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 company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.1078 per share. 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.

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

Institutional investors have recently modified their holdings of the company. Brookwood Investment Group LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $992,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 788,356 shares of the company’s stock valued at $44,321,000 after purchasing an additional 12,554 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at $2,302,000. RFG Bristol Wealth Advisors LLC boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock valued at $7,397,000 after purchasing an additional 9,888 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock worth $19,227,000 after acquiring an additional 9,582 shares during the period.

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.