Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Down 32.0% in March

Posted by Lindsey Winhoffer on Mar 30th, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 16,600 shares, a decline of 32.0% from the February 28th total of 24,400 shares. Based on an average daily volume of 117,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Principal U.S. Mega-Cap ETF Price Performance

USMC opened at $56.58 on Friday. The firm has a market capitalization of $2.48 billion, a PE ratio of 26.08 and a beta of 0.93. Principal U.S. Mega-Cap ETF has a fifty-two week low of $48.52 and a fifty-two week high of $63.13. The company’s 50-day moving average is $60.15 and its 200 day moving average is $59.23.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Investors Weigh In On Principal U.S. Mega-Cap ETF

Large investors have recently modified their holdings of the stock. Independent Advisor Alliance bought a new stake in Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $230,000. Stifel Financial Corp bought a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $237,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at approximately $274,000. Blair William & Co. IL boosted its holdings in Principal U.S. Mega-Cap ETF by 26.7% in the 4th quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock worth $281,000 after buying an additional 986 shares during the period. Finally, Jane Street Group LLC purchased a new position in Principal U.S. Mega-Cap ETF in the 4th quarter valued at approximately $324,000.

Principal U.S. Mega-Cap ETF Company Profile

(Get Free Report)

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.