Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 32,500 shares, a growth of 606.5% from the August 31st total of 4,600 shares. Based on an average daily trading volume, of 70,200 shares, the short-interest ratio is presently 0.5 days.
Principal U.S. Mega-Cap ETF Stock Performance
Shares of Principal U.S. Mega-Cap ETF stock traded down $0.02 during trading hours on Wednesday, reaching $56.79. The company’s stock had a trading volume of 37,005 shares, compared to its average volume of 78,770. Principal U.S. Mega-Cap ETF has a one year low of $40.73 and a one year high of $56.88. The company has a market capitalization of $2.48 billion, a P/E ratio of 26.66 and a beta of 0.92. The stock’s fifty day simple moving average is $54.64 and its two-hundred day simple moving average is $52.90.
Principal U.S. Mega-Cap ETF Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were issued a $0.1596 dividend. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15.
Institutional Trading of Principal U.S. Mega-Cap ETF
About Principal U.S. Mega-Cap ETF
The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.
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