Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Up 1,298.7% in August

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,637 shares, a growth of 1,298.7% from the July 30th total of 546 shares. Based on an average daily volume of 3,237 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.8% of the shares of the stock are short sold.

Principal Real Estate Active Opportunities ETF Price Performance

BYRE stock opened at $27.72 on Thursday. The company has a 50 day moving average price of $27.59 and a 200 day moving average price of $26.90. Principal Real Estate Active Opportunities ETF has a fifty-two week low of $24.24 and a fifty-two week high of $28.58. The stock has a market capitalization of $27.72 million, a PE ratio of 35.23 and a beta of 0.87.

Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF

Several large investors have recently made changes to their positions in BYRE. Principal Securities Inc. boosted its holdings in 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 last quarter. Commonwealth Equity Services LLC bought a new position in shares of Principal Real Estate Active Opportunities ETF in the 4th quarter valued at about $209,000. Finally, Virtu Financial LLC acquired a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter worth approximately $261,000.

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.