Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 17,500 shares, a drop of 20.8% from the March 31st total of 22,100 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is currently 0.2 days.
Principal U.S. Mega-Cap ETF Stock Performance
Principal U.S. Mega-Cap ETF stock traded down $0.45 during midday trading on Tuesday, hitting $49.52. 62,200 shares of the company’s stock were exchanged, compared to its average volume of 97,658. Principal U.S. Mega-Cap ETF has a 12-month low of $39.38 and a 12-month high of $51.79. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 26.66 and a beta of 0.98. The firm’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $47.57.
Principal U.S. Mega-Cap ETF Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a $0.1548 dividend. The ex-dividend date of this dividend was Monday, April 1st.
Institutional Trading of Principal U.S. Mega-Cap ETF
Principal U.S. Mega-Cap ETF Company Profile
The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.
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