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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 546 shares, a drop of 89.4% from the July 15th total of 5,161 shares. Based on an average trading volume of 3,441 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Principal Real Estate Active Opportunities ETF

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new position in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at approximately $209,000. Virtu Financial LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF during the fourth quarter worth $261,000. Finally, Principal Securities Inc. lifted its position 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 acquiring an additional 120,985 shares in the last quarter.

Principal Real Estate Active Opportunities ETF Stock Performance

Shares of Principal Real Estate Active Opportunities ETF stock opened at $27.62 on Friday. The stock has a market capitalization of $27.62 million, a P/E ratio of 35.23 and a beta of 0.87. Principal Real Estate Active Opportunities ETF has a 52-week low of $24.24 and a 52-week high of $28.58. The stock’s 50-day simple moving average is $27.54 and its 200 day simple moving average is $26.73.

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.