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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 3,424 shares, an increase of 69.8% from the April 30th total of 2,016 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,887 shares, the short-interest ratio is presently 1.2 days.

Principal Real Estate Active Opportunities ETF Trading Down 0.5%

Shares of Principal Real Estate Active Opportunities ETF stock opened at $26.70 on Thursday. The stock has a market capitalization of $25.10 million, a price-to-earnings ratio of 35.23 and a beta of 0.89. The firm’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $25.74. Principal Real Estate Active Opportunities ETF has a 1-year low of $24.24 and a 1-year high of $27.71.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A number of large investors have recently bought and sold shares of BYRE. Virtu Financial LLC acquired a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter valued at $261,000. Commonwealth Equity Services LLC acquired a new position in Principal Real Estate Active Opportunities ETF in the fourth quarter worth $209,000. Principal Securities Inc. boosted its stake in Principal Real Estate Active Opportunities ETF by 26.7% in 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. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Principal Real Estate Active Opportunities ETF by 41.3% during the third quarter. Envestnet Asset Management Inc. now owns 444,054 shares of the company’s stock worth $11,226,000 after purchasing an additional 129,727 shares during the last quarter.

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.