Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 37,100 shares, a growth of 222.6% from the September 15th total of 11,500 shares. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is presently 1.1 days.

Several hedge funds have recently made changes to their positions in USMC. Principal Financial Group Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 18.8% in the second quarter. Principal Financial Group Inc. now owns 751,632 shares of the company’s stock valued at $29,855,000 after purchasing an additional 118,817 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter valued at about $3,245,000. Envestnet Asset Management Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 277,557 shares of the company’s stock valued at $11,025,000 after purchasing an additional 46,961 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 24.4% in the first quarter. Golden State Wealth Management LLC now owns 114,743 shares of the company’s stock valued at $4,235,000 after purchasing an additional 22,514 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter valued at about $531,000.

Principal U.S. Mega-Cap ETF stock opened at $40.55 on Thursday. Principal U.S. Mega-Cap ETF has a 1-year low of $31.03 and a 1-year high of $42.16. The firm’s fifty day moving average price is $41.35 and its two-hundred day moving average price is $39.82.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 6th. Stockholders of record on Monday, October 4th were issued a $0.163 dividend. The ex-dividend date was Friday, October 1st. This represents a $0.65 annualized dividend and a dividend yield of 1.61%. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.13.

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