Short Interest in Principal Quality ETF (NASDAQ:PSET) Rises By 17.6%

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,000 shares, an increase of 17.6% from the February 13th total of 1,700 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSET. Golden State Wealth Management LLC bought a new position in Principal Quality ETF in the 4th quarter worth about $2,136,000. Cetera Investment Advisers lifted its stake in shares of Principal Quality ETF by 6.1% in the 4th quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock worth $14,485,000 after acquiring an additional 11,561 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Principal Quality ETF in the 4th quarter worth approximately $441,000. Principal Securities Inc. lifted its stake in shares of Principal Quality ETF by 1.9% in the 4th quarter. Principal Securities Inc. now owns 277,335 shares of the company’s stock worth $19,849,000 after acquiring an additional 5,166 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Principal Quality ETF by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after acquiring an additional 3,037 shares during the period.

Principal Quality ETF Stock Up 0.9 %

NASDAQ PSET traded up $0.60 on Wednesday, hitting $67.58. The stock had a trading volume of 423 shares, compared to its average volume of 2,281. Principal Quality ETF has a one year low of $62.16 and a one year high of $75.56. The stock has a market cap of $55.42 million, a price-to-earnings ratio of 26.72 and a beta of 0.94. The company’s 50-day moving average is $71.64 and its two-hundred day moving average is $71.54.

Principal Quality ETF Cuts Dividend

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

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.