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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 35,769 shares, a growth of 84.5% from the December 31st total of 19,389 shares. Based on an average daily trading volume, of 206,662 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 206,662 shares, the short-interest ratio is presently 0.2 days.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.4%

NASDAQ PSC traded down $0.86 during trading on Friday, hitting $60.05. The company had a trading volume of 87,880 shares, compared to its average volume of 174,224. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $42.36 and a one year high of $62.17. The company’s fifty day moving average is $59.19 and its 200-day moving average is $56.76. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07.

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

Several hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 40.2% during the second quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock valued at $73,000 after acquiring an additional 390 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $79,000. Farther Finance Advisors LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at about $230,000. Ameriflex Group Inc. grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 14.3% during the 2nd quarter. Ameriflex Group Inc. now owns 4,681 shares of the company’s stock valued at $248,000 after purchasing an additional 584 shares during the last quarter. Finally, Round Rock Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $274,000.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.