Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 4,300 shares, a drop of 37.7% from the March 31st total of 6,900 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

Principal Quality ETF Stock Performance

Shares of PSET stock opened at $65.07 on Tuesday. Principal Quality ETF has a 1 year low of $58.37 and a 1 year high of $75.56. The stock has a market cap of $45.55 million, a PE ratio of 25.14 and a beta of 0.94. The business’s fifty day moving average is $65.92 and its 200-day moving average is $70.33.

Principal Quality ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a $0.1173 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, April 1st.

Hedge Funds Weigh In On Principal Quality ETF

Hedge funds have recently modified their holdings of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Principal Quality ETF by 211.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock worth $115,000 after acquiring an additional 1,089 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Principal Quality ETF by 90.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,640 shares of the company’s stock worth $190,000 after acquiring an additional 1,253 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Principal Quality ETF in the 1st quarter worth $262,000. Raymond James Financial Inc. acquired a new position in shares of Principal Quality ETF in the 4th quarter worth $441,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Principal Quality ETF by 1.0% in the 1st quarter. Golden State Wealth Management LLC now owns 30,154 shares of the company’s stock worth $1,990,000 after acquiring an additional 311 shares during the last quarter.

About Principal Quality ETF

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.