Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Up 1,298.7% in August

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a large growth in short interest in 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. Based on an average daily volume of 3,237 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.8% of the shares of the company are short sold.

Principal Real Estate Active Opportunities ETF Stock Performance

BYRE stock remained flat at $27.83 during midday trading on Wednesday. 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 52-week low of $24.24 and a 52-week high of $28.58. The stock has a market capitalization of $27.83 million, a PE ratio of 35.23 and a beta of 0.87. The stock’s fifty day moving average is $27.58 and its 200-day moving average is $26.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter worth approximately $209,000. Virtu Financial LLC purchased a new position in Principal Real Estate Active Opportunities ETF in the fourth quarter valued at about $261,000. Finally, Principal Securities Inc. lifted its stake in shares of 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 worth $14,033,000 after purchasing an additional 120,985 shares in the last quarter.

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.