Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Stock Short Interest Falls 85.7%

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 478 shares, a decrease of 85.7% from the October 15th total of 3,352 shares. Based on an average trading volume of 4,530 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF

An institutional investor recently raised its position in Principal Real Estate Active Opportunities ETF stock. Envestnet Asset Management Inc. lifted its stake in Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638,252 shares of the company’s stock after purchasing an additional 9,755 shares during the quarter. Envestnet Asset Management Inc. owned 63.83% of Principal Real Estate Active Opportunities ETF worth $17,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Principal Real Estate Active Opportunities ETF Trading Down 0.5%

NYSEARCA:BYRE traded down $0.14 during mid-day trading on Thursday, hitting $27.39. The stock had a trading volume of 1,425 shares, compared to its average volume of 3,444. The company has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $26.69. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $28.58. The stock has a market capitalization of $27.94 million, a price-to-earnings ratio of 38.39 and a beta of 0.86.

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.