Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Significant Decrease in Short Interest

Posted by Amy Steele on Mar 30th, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 16,600 shares, a decline of 32.0% from the February 28th total of 24,400 shares. Based on an average trading volume of 117,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Principal U.S. Mega-Cap ETF

Hedge funds have recently made changes to their positions in the business. Independent Advisor Alliance purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth about $230,000. Stifel Financial Corp purchased a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter valued at approximately $237,000. Cornerstone Wealth Management LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $274,000. Blair William & Co. IL grew its stake in shares of Principal U.S. Mega-Cap ETF by 26.7% during the fourth quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock valued at $281,000 after buying an additional 986 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Principal U.S. Mega-Cap ETF in the 4th quarter valued at $324,000.

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

Shares of NASDAQ:USMC opened at $56.58 on Friday. Principal U.S. Mega-Cap ETF has a 12-month low of $48.52 and a 12-month high of $63.13. The company has a market cap of $2.48 billion, a PE ratio of 26.08 and a beta of 0.93. The stock has a 50 day moving average of $60.15 and a 200 day moving average of $59.23.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

About Principal U.S. Mega-Cap ETF

(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.