Principal Quality ETF (NASDAQ:PSET) Short Interest Update

by · The Cerbat Gem

Principal Quality ETF (NASDAQ:PSET – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 900 shares, an increase of 125.0% from the September 30th total of 400 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 0.7 days.

Principal Quality ETF Stock Up 0.1 %

Shares of PSET traded up $0.04 during trading hours on Friday, reaching $70.91. 1,037 shares of the company traded hands, compared to its average volume of 1,898. Principal Quality ETF has a 12-month low of $51.67 and a 12-month high of $72.68. The stock has a market capitalization of $56.73 million, a P/E ratio of 30.55 and a beta of 0.94. The business has a fifty day moving average price of $69.93 and a 200-day moving average price of $67.91.

Institutional Investors Weigh In On Principal Quality ETF

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of Principal Quality ETF by 18.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,909 shares of the company’s stock worth $403,000 after purchasing an additional 922 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Principal Quality ETF during the 1st quarter worth about $12,677,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Principal Quality ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 232,913 shares of the company’s stock worth $15,901,000 after purchasing an additional 23,372 shares during the last quarter.

Principal Quality ETF Company Profile

(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.

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