Short Interest in Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Decreases By 67.0%

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,519 shares, a drop of 67.0% from the August 15th total of 7,637 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,391 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF

Several institutional investors have recently bought and sold shares of BYRE. Principal Securities Inc. lifted its stake 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 worth $14,033,000 after buying an additional 120,985 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Principal Real Estate Active Opportunities ETF in the 4th quarter worth approximately $261,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter valued at about $209,000.

Principal Real Estate Active Opportunities ETF Stock Down 0.5%

Shares of Principal Real Estate Active Opportunities ETF stock traded down $0.14 on Monday, hitting $26.60. 698 shares of the company traded hands, compared to its average volume of 3,436. The company has a 50-day moving average price of $27.51 and a 200 day moving average price of $26.97. Principal Real Estate Active Opportunities ETF has a 12-month low of $24.24 and a 12-month high of $28.58. The company has a market cap of $26.60 million, a PE ratio of 35.23 and a beta of 0.86.

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.