Principal Quality ETF (NASDAQ:PSET) Sees Large Growth in Short Interest

Principal Quality ETF (NASDAQ:PSET) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 900 shares, an increase of 200.0% from the November 30th total of 300 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSET. Commonwealth Equity Services LLC increased 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 purchasing an additional 922 shares during the last quarter. Cetera Investment Advisers raised its stake in Principal Quality ETF by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 190,042 shares of the company’s stock valued at $12,974,000 after acquiring an additional 3,122 shares during the period. Principal Securities Inc. lifted its holdings in Principal Quality ETF by 3.7% during the 3rd 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Principal Quality ETF by 11.2% during the second 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 period.

Principal Quality ETF Trading Up 0.3 %

Shares of NASDAQ PSET traded up $0.21 during mid-day trading on Thursday, reaching $73.55. 730 shares of the company’s stock were exchanged, compared to its average volume of 1,879. Principal Quality ETF has a twelve month low of $59.37 and a twelve month high of $74.43. The firm has a market capitalization of $60.31 million, a price-to-earnings ratio of 30.55 and a beta of 0.94. The business has a fifty day simple moving average of $72.42 and a 200 day simple moving average of $69.98.

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.