Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Sees Significant Drop in Short Interest

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,519 shares, a decrease of 67.0% from the August 15th total of 7,637 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 2,391 shares, the short-interest ratio is currently 1.1 days.

Principal Real Estate Active Opportunities ETF Stock Performance

NYSEARCA BYRE traded up $0.19 during trading hours on Friday, hitting $26.74. The company had a trading volume of 1,806 shares, compared to its average volume of 3,452. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $28.58. The firm has a 50 day simple moving average of $27.51 and a 200 day simple moving average of $26.97. The firm has a market capitalization of $26.74 million, a price-to-earnings ratio of 35.23 and a beta of 0.86.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Securities Inc. grew its stake in Principal Real Estate Active Opportunities ETF by 26.7% during 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 in the last quarter. Virtu Financial LLC bought a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter worth approximately $261,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Principal Real Estate Active Opportunities ETF in the 4th quarter worth approximately $209,000.

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.