Short Interest in Principal Quality ETF (NASDAQ:PSET) Expands By 50.0%

Principal Quality ETF (NASDAQ:PSET) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 300 shares, a growth of 50.0% from the November 15th total of 200 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Principal Quality ETF

Several large investors have recently made changes to their positions in PSET. Principal Securities Inc. lifted its position in shares of Principal Quality ETF by 3.7% during the 3rd quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock worth $19,370,000 after buying an additional 9,620 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Principal Quality ETF by 1.7% during the second quarter. Cetera Investment Advisers now owns 190,042 shares of the company’s stock worth $12,974,000 after buying an additional 3,122 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Principal Quality ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 232,913 shares of the company’s stock valued at $15,901,000 after buying an additional 23,372 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Principal Quality ETF by 18.5% in the second quarter. Commonwealth Equity Services LLC now owns 5,909 shares of the company’s stock valued at $403,000 after buying an additional 922 shares during the period.

Principal Quality ETF Price Performance

PSET stock traded down $0.17 during midday trading on Friday, reaching $73.86. The company had a trading volume of 1,810 shares, compared to its average volume of 1,898. Principal Quality ETF has a 1-year low of $59.37 and a 1-year high of $74.43. The stock has a 50 day moving average price of $72.17 and a 200-day moving average price of $69.55. The company has a market capitalization of $60.57 million, a price-to-earnings 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.