Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Down 38.4% in June

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,964 shares, a decline of 38.4% from the June 15th total of 4,815 shares. Based on an average trading volume of 3,929 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of BYRE. Virtu Financial LLC bought a new position in shares of Principal Real Estate Active Opportunities ETF in the fourth quarter valued at about $261,000. Commonwealth Equity Services LLC bought a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter worth about $209,000. Finally, Principal Securities Inc. grew its stake 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 buying an additional 120,985 shares during the last quarter.

Principal Real Estate Active Opportunities ETF Trading Up 1.7%

BYRE opened at $27.89 on Friday. Principal Real Estate Active Opportunities ETF has a 1-year low of $24.24 and a 1-year high of $28.04. The stock’s fifty day simple moving average is $27.33 and its 200 day simple moving average is $26.31. The stock has a market cap of $27.33 million, a PE ratio of 35.23 and a beta of 0.87.

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.