Principal Quality ETF (NASDAQ:PSET) Short Interest Up 84.8% in June

Posted by Mark Dietrich on Jul 13th, 2024

Principal Quality ETF (NASDAQ:PSET – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 6,100 shares, an increase of 84.8% from the June 15th total of 3,300 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 3.1 days.

Principal Quality ETF Trading Up 0.8 %

NASDAQ PSET traded up $0.58 on Friday, reaching $69.94. The company’s stock had a trading volume of 548 shares, compared to its average volume of 2,251. The firm has a market cap of $54.55 million, a PE ratio of 30.55 and a beta of 0.94. The business has a 50-day moving average price of $67.39 and a 200 day moving average price of $65.46. Principal Quality ETF has a 52 week low of $51.67 and a 52 week high of $70.33.

Principal Quality ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were paid a $0.1094 dividend. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Trading of Principal Quality ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in Principal Quality ETF during the fourth quarter worth about $12,520,000. Cetera Investment Advisers bought a new stake in Principal Quality ETF during the first quarter worth about $12,677,000. Koshinski Asset Management Inc. grew its stake in Principal Quality ETF by 76.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 6,960 shares of the company’s stock worth $426,000 after buying an additional 3,015 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Principal Quality ETF during the fourth quarter worth about $262,000.

About Principal Quality ETF

(Get Free Report)

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.