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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,161 shares, an increase of 74.1% from the June 30th total of 2,964 shares. Based on an average daily trading volume, of 3,388 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of BYRE. Virtu Financial LLC purchased a new position in shares of Principal Real Estate Active Opportunities ETF in the fourth quarter worth approximately $261,000. Commonwealth Equity Services LLC bought a new position in Principal Real Estate Active Opportunities ETF in the 4th quarter worth approximately $209,000. Finally, Principal Securities Inc. boosted 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 during the last quarter.

Principal Real Estate Active Opportunities ETF Trading Down 0.6%

Principal Real Estate Active Opportunities ETF stock opened at $27.74 on Friday. Principal Real Estate Active Opportunities ETF has a 12 month low of $24.24 and a 12 month high of $28.58. The firm has a market cap of $27.74 million, a price-to-earnings ratio of 35.23 and a beta of 0.87. The stock has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $26.57.

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.