Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 48.5% from the January 31st total of 3,300 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Principal Quality ETF

Large investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC increased its position in shares of Principal Quality ETF by 211.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock worth $115,000 after purchasing an additional 1,089 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Principal Quality ETF in the 4th quarter worth $2,136,000. Principal Securities Inc. raised its position in shares of Principal Quality ETF by 3.7% during the 3rd quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock valued at $19,370,000 after buying an additional 9,620 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Principal Quality ETF by 6.1% during the 4th quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock worth $14,485,000 after acquiring an additional 11,561 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Principal Quality ETF during the 4th quarter worth $441,000.

Principal Quality ETF Trading Down 2.0 %

Shares of PSET stock traded down $1.41 during trading hours on Monday, reaching $68.94. The stock had a trading volume of 1,968 shares, compared to its average volume of 4,212. The stock’s fifty day simple moving average is $72.83 and its 200 day simple moving average is $71.67. The firm has a market capitalization of $56.53 million, a PE ratio of 28.95 and a beta of 0.94. Principal Quality ETF has a 12 month low of $62.16 and a 12 month high of $75.56.

Principal Quality ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Principal Quality ETF Company Profile

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.