Principal Quality ETF (NASDAQ:PSET) Short Interest Up 17.6% in February

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,000 shares, an increase of 17.6% from the February 13th total of 1,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.5 days.

Principal Quality ETF Stock Performance

Shares of Principal Quality ETF stock opened at $67.20 on Friday. Principal Quality ETF has a 1 year low of $62.16 and a 1 year high of $75.56. The company’s fifty day moving average is $71.45 and its two-hundred day moving average is $71.49. The company has a market capitalization of $55.10 million, a P/E ratio of 26.72 and a beta of 0.94.

Principal Quality ETF Cuts Dividend

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

Hedge Funds Weigh In On Principal Quality ETF

Several institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Principal Quality ETF during the 4th quarter worth approximately $2,136,000. Cetera Investment Advisers lifted its holdings in Principal Quality ETF by 6.1% in the 4th quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock valued at $14,485,000 after purchasing an additional 11,561 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Principal Quality ETF during the fourth quarter worth approximately $441,000. Principal Securities Inc. lifted its stake in shares of Principal Quality ETF by 1.9% during the 4th quarter. Principal Securities Inc. now owns 277,335 shares of the company’s stock worth $19,849,000 after purchasing an additional 5,166 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Principal Quality ETF by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after buying an additional 3,037 shares during the last quarter.

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.