Principal Quality ETF (NASDAQ:PSET) was the target of a large drop in short interest in May. As of May 28th, there was short interest totalling 1,700 shares, a drop of 91.6% from the May 13th total of 20,200 shares. Based on an average trading volume of 36,400 shares, the short-interest ratio is currently 0.0 days.
Several hedge funds have recently modified their holdings of PSET. Principal Financial Group Inc. bought a new position in shares of Principal Quality ETF in the 4th quarter valued at $23,916,000. Cetera Advisors LLC bought a new position in Principal Quality ETF in the fourth quarter valued at about $4,031,000. Finally, Citadel Advisors LLC grew its position in Principal Quality ETF by 165.8% in the first quarter. Citadel Advisors LLC now owns 18,284 shares of the company’s stock valued at $897,000 after acquiring an additional 11,405 shares during the last quarter.
NASDAQ:PSET traded up $0.39 during mid-day trading on Friday, reaching $52.13. The stock had a trading volume of 158 shares, compared to its average volume of 28,334. The business has a 50-day simple moving average of $51.24. Principal Quality ETF has a 12 month low of $37.58 and a 12 month high of $52.53.
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