Principal Quality ETF (NASDAQ:PSET) Short Interest Down 92.3% in April

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 100 shares, a decrease of 92.3% from the March 31st total of 1,300 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 0.0 days.

Principal Quality ETF Trading Down 0.5 %

Principal Quality ETF stock traded down $0.29 during mid-day trading on Thursday, hitting $64.14. The stock had a trading volume of 3,077 shares, compared to its average volume of 2,406. The stock has a 50-day simple moving average of $66.22 and a two-hundred day simple moving average of $61.47. The stock has a market capitalization of $48.75 million, a PE ratio of 30.37 and a beta of 0.94. Principal Quality ETF has a 12 month low of $51.01 and a 12 month high of $68.12.

Principal Quality ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were paid a $0.1456 dividend. The ex-dividend date was Monday, April 1st. This is a positive change from Principal Quality ETF’s previous dividend of $0.12.

Institutional Investors Weigh In On Principal Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in Principal Quality ETF by 29.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,392 shares of the company’s stock worth $294,000 after acquiring an additional 1,238 shares during the period. Koshinski Asset Management Inc. increased its holdings in Principal Quality ETF by 76.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,960 shares of the company’s stock valued at $426,000 after purchasing an additional 3,015 shares during the last quarter. Raymond James & Associates acquired a new position in Principal Quality ETF in the fourth quarter valued at about $262,000. Envestnet Asset Management Inc. grew its position in shares of Principal Quality ETF by 16.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 253,994 shares of the company’s stock worth $13,861,000 after buying an additional 35,621 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Principal Quality ETF in the 4th quarter valued at about $12,520,000.

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.