Short Interest in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Expands By 82.0%

Posted by Donna Armstrong on Nov 13th, 2024

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 18,200 shares, an increase of 82.0% from the October 15th total of 10,000 shares. Based on an average trading volume of 64,500 shares, the short-interest ratio is currently 0.3 days.

Principal U.S. Mega-Cap ETF Stock Down 0.3 %

USMC stock opened at $59.24 on Wednesday. The business has a 50 day moving average of $56.81 and a 200-day moving average of $54.54. Principal U.S. Mega-Cap ETF has a 12-month low of $43.61 and a 12-month high of $59.74. The firm has a market cap of $2.61 billion, a PE ratio of 26.66 and a beta of 0.92.

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

Several institutional investors have recently made changes to their positions in USMC. Blair William & Co. IL purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the second quarter worth $201,000. Retireful LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter worth $468,000. CreativeOne Wealth LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth $522,000. Laidlaw Wealth Management LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 9.1% in the second quarter. Laidlaw Wealth Management LLC now owns 9,733 shares of the company’s stock worth $528,000 after buying an additional 809 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter worth $783,000.

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.