Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Increases By 206.4%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 75,107 shares, an increase of 206.4% from the February 12th total of 24,512 shares. Based on an average daily volume of 127,374 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 127,374 shares, the days-to-cover ratio is presently 0.6 days.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.7%

Shares of NASDAQ PSC opened at $58.09 on Wednesday. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $42.36 and a 52 week high of $62.17. The business has a 50-day simple moving average of $60.19 and a two-hundred day simple moving average of $58.10. The company has a market cap of $1.65 billion, a P/E ratio of 17.29 and a beta of 1.07.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Redwood Financial Network Corp bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at approximately $218,000. Goldman Sachs Group Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $231,000. Farther Finance Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth approximately $230,000. truNorth Financial Services Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth approximately $236,000. Finally, Round Rock Advisors LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth approximately $274,000.

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.