Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 67.4% in January

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 4,400 shares, a decrease of 67.4% from the December 31st total of 13,500 shares. Based on an average daily trading volume, of 47,000 shares, the short-interest ratio is currently 0.1 days.

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

NASDAQ PSC traded up $0.17 on Tuesday, hitting $53.32. 25,189 shares of the stock were exchanged, compared to its average volume of 47,923. The company has a market capitalization of $771.01 million, a PE ratio of 9.54 and a beta of 1.19. The business’s fifty day moving average is $53.42 and its 200 day moving average is $51.95. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $45.17 and a 52 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 paid a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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

Several hedge funds have recently bought and sold shares of PSC. Sigma Planning Corp lifted 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 worth $1,688,000 after purchasing an additional 702 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock worth $99,000 after acquiring an additional 1,265 shares during the period. Stratos Investment Management LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $204,000. SeaCrest Wealth Management LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at approximately $211,000. Finally, Avaii Wealth Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $221,000.

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.