Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Drops By 66.7%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,900 shares, a decline of 66.7% from the September 30th total of 17,700 shares. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of NASDAQ:PSC traded up $0.20 during trading on Friday, hitting $51.31. The company’s stock had a trading volume of 2,924 shares, compared to its average volume of 26,194. The company has a 50-day moving average of $50.94 and a 200-day moving average of $49.34. The firm has a market cap of $659.85 million, a price-to-earnings ratio of 9.54 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 $53.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSC. International Assets Investment Management LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after buying an additional 13,912 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock worth $58,667,000 after buying an additional 1,010,723 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 88.5% during the second quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after acquiring an additional 4,793 shares during the period. Principal Financial Group Inc. lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the second quarter. Principal Financial Group Inc. now owns 9,579,951 shares of the company’s stock valued at $461,419,000 after acquiring an additional 42,669 shares in the last quarter. Finally, &PARTNERS bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth about $729,000.

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.