Short Interest in Principal Quality ETF (NASDAQ:PSET) Declines By 77.8%

Principal Quality ETF (NASDAQ:PSET) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 200 shares, a decline of 77.8% from the October 15th total of 900 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSET. Commonwealth Equity Services LLC boosted its stake 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 acquiring an additional 922 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Principal Quality ETF in the 1st quarter worth approximately $12,677,000. Envestnet Asset Management Inc. raised its stake in 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 acquiring an additional 23,372 shares during the period. Finally, Principal Securities Inc. lifted its holdings in Principal Quality ETF by 3.7% during the third quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock valued at $19,370,000 after purchasing an additional 9,620 shares in the last quarter.

Principal Quality ETF Stock Up 0.2 %

PSET traded up $0.12 during midday trading on Wednesday, hitting $73.06. 1,482 shares of the company traded hands, compared to its average volume of 1,843. The company’s 50-day moving average is $70.56 and its 200 day moving average is $68.52. Principal Quality ETF has a 52 week low of $56.71 and a 52 week high of $73.40. The firm has a market capitalization of $59.91 million, a PE ratio of 30.55 and a beta of 0.94.

Principal Quality ETF Company Profile

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.