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 significant decrease in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,530 shares, the days-to-cover ratio is presently 0.1 days.

Principal Real Estate Active Opportunities ETF Price Performance

Shares of BYRE remained flat at $27.38 during mid-day trading on Friday. 1,048 shares of the stock were exchanged, compared to its average volume of 3,437. The stock has a market cap of $27.93 million, a PE ratio of 38.39 and a beta of 0.86. The stock’s 50-day simple moving average is $26.38 and its two-hundred day simple moving average is $26.70. Principal Real Estate Active Opportunities ETF has a twelve month low of $24.24 and a twelve month high of $28.58.

Institutional Trading of Principal Real Estate Active Opportunities ETF

A hedge fund recently raised its stake in Principal Real Estate Active Opportunities ETF stock. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 638,252 shares of the company’s stock after purchasing an additional 9,755 shares during the period. Envestnet Asset Management Inc. owned approximately 63.83% of Principal Real Estate Active Opportunities ETF worth $17,431,000 as of its most recent filing with the SEC.

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.