Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Down 49.2% in April

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,016 shares, a drop of 49.2% from the April 15th total of 3,969 shares. Based on an average daily trading volume, of 3,503 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in BYRE. Envestnet Asset Management Inc. boosted its holdings in Principal Real Estate Active Opportunities ETF by 41.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 444,054 shares of the company’s stock valued at $11,226,000 after purchasing an additional 129,727 shares in the last quarter. Principal Securities Inc. boosted its holdings in Principal Real Estate Active Opportunities ETF by 26.7% in the 4th quarter. Principal Securities Inc. now owns 573,727 shares of the company’s stock valued at $14,033,000 after purchasing an additional 120,985 shares in the last quarter. Virtu Financial LLC purchased a new stake in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at approximately $261,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at approximately $209,000.

Principal Real Estate Active Opportunities ETF Trading Down 1.4%

Shares of NYSEARCA BYRE traded down $0.38 during midday trading on Friday, reaching $26.83. 4,068 shares of the company were exchanged, compared to its average volume of 3,933. Principal Real Estate Active Opportunities ETF has a 1 year low of $24.24 and a 1 year high of $27.57. The stock has a fifty day simple moving average of $26.22 and a 200 day simple moving average of $25.52. The stock has a market cap of $25.22 million, a P/E ratio of 35.23 and a beta of 0.89.

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.