Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 30.9% in January

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 10,500 shares, a decrease of 30.9% from the January 15th total of 15,200 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of PSC. Sigma Planning Corp raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.2% during the third quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock valued at $1,688,000 after buying an additional 702 shares during the period. Capital Investment Advisory Services LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during 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. Smartleaf Asset Management LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 28.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 6,704 shares of the company’s stock valued at $343,000 after buying an additional 1,502 shares during the period. Arete Wealth Advisors LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 14.2% during the fourth quarter. Arete Wealth Advisors LLC now owns 25,401 shares of the company’s stock valued at $1,304,000 after buying an additional 3,149 shares during the period. Finally, Comerica Bank acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at $196,000.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock traded down $0.44 during trading on Friday, hitting $53.66. The stock had a trading volume of 28,172 shares, compared to its average volume of 48,099. The firm has a market cap of $789.88 million, a P/E ratio of 9.54 and a beta of 1.19. The business has a fifty day moving average of $52.85 and a two-hundred day moving average of $52.17. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $45.88 and a fifty-two week high of $57.24.

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

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

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.