Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Stock Short Interest Drops 85.7%

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 478 shares, a decline of 85.7% from the October 15th total of 3,352 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,530 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Principal Real Estate Active Opportunities ETF Stock Performance

Principal Real Estate Active Opportunities ETF stock traded down $0.11 during midday trading on Wednesday, reaching $27.44. 2,212 shares of the stock were exchanged, compared to its average volume of 3,433. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $28.58. The firm has a market cap of $27.99 million, a PE ratio of 38.39 and a beta of 0.86. The company’s fifty day moving average is $26.36 and its 200-day moving average is $26.68.

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.