Short Interest in Principal Quality ETF (NASDAQ:PSET) Decreases By 66.9%

Principal Quality ETF (NASDAQ:PSET) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 156 shares, a drop of 66.9% from the November 30th total of 471 shares. Based on an average daily trading volume, of 1,710 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,710 shares, the short-interest ratio is presently 0.1 days.

Principal Quality ETF Trading Up 0.1%

Shares of Principal Quality ETF stock opened at $77.49 on Friday. Principal Quality ETF has a 1 year low of $58.37 and a 1 year high of $78.20. The company has a market cap of $54.24 million, a P/E ratio of 29.66 and a beta of 1.02. The stock has a 50-day moving average price of $76.31 and a 200 day moving average price of $75.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new stake in Principal Quality ETF in the 2nd quarter worth approximately $85,000. Prospera Financial Services Inc increased its stake in shares of Principal Quality ETF by 3.6% in the second quarter. Prospera Financial Services Inc now owns 5,705 shares of the company’s stock worth $420,000 after acquiring an additional 200 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Principal Quality ETF by 13.3% during the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after acquiring an additional 1,023 shares in the last quarter. Osaic Holdings Inc. boosted its position in Principal Quality ETF by 3.2% during the second quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock valued at $2,824,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Principal Quality ETF by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 341,140 shares of the company’s stock valued at $25,108,000 after purchasing an additional 41,515 shares in the last quarter.

About Principal Quality ETF

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.