Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,964 shares, a decrease of 38.4% from the June 15th total of 4,815 shares. Based on an average daily volume of 3,929 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in Principal Real Estate Active Opportunities ETF during the 4th quarter worth $209,000. Virtu Financial LLC acquired a new stake in shares of Principal Real Estate Active Opportunities ETF during the fourth quarter worth $261,000. Finally, Principal Securities Inc. boosted its position in shares of Principal Real Estate Active Opportunities ETF by 26.7% in the fourth quarter. Principal Securities Inc. now owns 573,727 shares of the company’s stock valued at $14,033,000 after acquiring an additional 120,985 shares during the period.
Principal Real Estate Active Opportunities ETF Trading Up 1.7%
Shares of NYSEARCA BYRE opened at $27.89 on Friday. The firm has a market cap of $27.33 million, a P/E ratio of 35.23 and a beta of 0.87. Principal Real Estate Active Opportunities ETF has a 1-year low of $24.24 and a 1-year high of $28.04. The business’s 50 day moving average is $27.33 and its 200-day moving average is $26.31.
Principal Real Estate Active Opportunities ETF Company Profile
The Principal Real Estate Active Opportunities ETF (BYRE) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed, non-transparent fund that seeks total return by centering on US-listed companies in the real estate industry, selected using a bottom-up fundamental approach. The fund utilizes the Fidelity non-transparent model. BYRE was launched on May 18, 2022 and is managed by Principal.
See Also
- Five stocks we like better than Principal Real Estate Active Opportunities ETF
- The AI Data Center Boom Is Bigger Than One Stock—These ETFs Spread the Bet
- Palantir’s Wild Ride: Inside the Stock Wall Street Can’t Agree On
- Has Broadcom Become Too Expensive for Its AI Story?
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
Receive News & Ratings for Principal Real Estate Active Opportunities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Real Estate Active Opportunities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
