Short Interest in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Drops By 32.0%

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 16,600 shares, a decrease of 32.0% from the February 28th total of 24,400 shares. Based on an average trading volume of 117,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

Several large investors have recently added to or reduced their stakes in USMC. Stifel Financial Corp purchased a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter worth approximately $237,000. EP Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter worth $7,489,000. SeaCrest Wealth Management LLC bought a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at $1,472,000. Segment Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 0.9% in the 4th quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock worth $15,218,000 after buying an additional 2,221 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Principal U.S. Mega-Cap ETF by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after buying an additional 462 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Down 2.2 %

USMC stock opened at $56.58 on Monday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 26.08 and a beta of 0.93. Principal U.S. Mega-Cap ETF has a twelve month low of $48.52 and a twelve month high of $63.13. The business’s fifty day simple moving average is $60.15 and its two-hundred day simple moving average is $59.26.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

About Principal U.S. Mega-Cap ETF

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.