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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the recipient of a large growth in short interest in 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. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 3,237 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Securities Inc. grew 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 valued at $14,033,000 after buying an additional 120,985 shares in the last quarter. Virtu Financial LLC acquired a new position in Principal Real Estate Active Opportunities ETF during the 4th quarter worth about $261,000. Finally, Commonwealth Equity Services LLC acquired a new position in Principal Real Estate Active Opportunities ETF during the 4th quarter worth about $209,000.

Principal Real Estate Active Opportunities ETF Trading Up 0.4%

Principal Real Estate Active Opportunities ETF stock traded up $0.10 during trading on Tuesday, hitting $27.83. The company had a trading volume of 2,366 shares, compared to its average volume of 3,594. Principal Real Estate Active Opportunities ETF has a 1-year low of $24.24 and a 1-year high of $28.58. The company’s 50 day simple moving average is $27.58 and its 200-day simple moving average is $26.89. The stock has a market cap of $27.83 million, a price-to-earnings 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.