Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Update

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,161 shares, a growth of 74.1% from the June 30th total of 2,964 shares. Based on an average daily volume of 3,388 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the company’s shares are sold short.

Principal Real Estate Active Opportunities ETF Stock Down 0.6%

BYRE opened at $27.74 on Friday. The firm has a market cap of $27.74 million, a P/E ratio of 35.23 and a beta of 0.87. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $28.58. The business has a fifty day simple moving average of $27.49 and a 200-day simple moving average of $26.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter worth about $261,000. Commonwealth Equity Services LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF during the fourth quarter worth about $209,000. Finally, Principal Securities Inc. raised 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 buying an additional 120,985 shares during the last quarter.

About Principal Real Estate Active Opportunities ETF

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.