Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE – Get Free Report) was the recipient of a significant growth in short interest during the month of 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 trading volume of 3,237 shares, the short-interest ratio is currently 2.4 days. Approximately 0.8% of the company’s shares are short sold.
Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF
Hedge funds have recently modified their holdings of the business. Principal Securities Inc. raised its holdings in Principal Real Estate Active Opportunities ETF by 26.7% in the 4th quarter. Principal Securities Inc. now owns 573,727 shares of the company’s stock valued at $14,033,000 after buying an additional 120,985 shares during the period. Commonwealth Equity Services LLC purchased a new position in Principal Real Estate Active Opportunities ETF during the fourth quarter worth about $209,000. Finally, Virtu Financial LLC purchased a new position in Principal Real Estate Active Opportunities ETF during the fourth quarter worth about $261,000.
Principal Real Estate Active Opportunities ETF Trading Up 0.4%
BYRE stock traded up $0.10 during midday trading on Tuesday, hitting $27.83. 2,366 shares of the company’s stock were exchanged, compared to its average volume of 3,594. The business has a 50-day simple moving average of $27.58 and a two-hundred day simple moving average of $26.89. The stock has a market capitalization of $27.83 million, a PE ratio of 35.23 and a beta of 0.87. Principal Real Estate Active Opportunities ETF has a 1-year low of $24.24 and a 1-year high of $28.58.
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.
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