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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,000 shares, a decline of 25.9% from the February 29th total of 2,700 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.1 days.

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

Shares of PSC opened at $49.57 on Friday. The firm’s 50 day moving average is $47.32 and its 200-day moving average is $43.85. The stock has a market capitalization of $500.68 million, a P/E ratio of 9.76 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $37.78 and a 12-month high of $49.82.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several hedge funds have recently made changes to their positions in the business. Mutual Advisors LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter worth approximately $1,810,000. Belpointe Asset Management LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth approximately $588,000. Principal Financial Group Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 62.3% during the third quarter. Principal Financial Group Inc. now owns 6,254,337 shares of the company’s stock worth $252,085,000 after purchasing an additional 2,400,415 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 57.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,109 shares of the company’s stock worth $316,000 after purchasing an additional 2,604 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth approximately $265,000.

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.