Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Growth in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 19,700 shares, a growth of 87.6% from the January 31st total of 10,500 shares. Based on an average daily trading volume, of 66,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Capital Investment Advisory Services LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 187.4% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock valued at $99,000 after buying an additional 1,265 shares during the period. Comerica Bank bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $196,000. Stratos Investment Management LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $204,000. SeaCrest Wealth Management LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth $211,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $222,000.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

Shares of PSC stock traded up $0.58 on Friday, reaching $51.13. 51,945 shares of the stock were exchanged, compared to its average volume of 72,834. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $45.88 and a one year high of $57.24. The stock has a market cap of $752.63 million, a PE ratio of 16.94 and a beta of 1.19. The stock has a 50 day moving average price of $52.58 and a 200 day moving average price of $52.40.

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

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.