Short Interest in Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Declines By 38.4%

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,964 shares, a decrease of 38.4% from the June 15th total of 4,815 shares. Based on an average daily trading volume, of 3,929 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Principal Real Estate Active Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. grew its stake in Principal Real Estate Active Opportunities ETF by 26.7% during the 4th quarter. Principal Securities Inc. now owns 573,727 shares of the company’s stock worth $14,033,000 after buying an additional 120,985 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in Principal Real Estate Active Opportunities ETF in the fourth quarter valued at approximately $209,000. Finally, Virtu Financial LLC acquired a new stake in shares of Principal Real Estate Active Opportunities ETF in the fourth quarter valued at approximately $261,000.

Principal Real Estate Active Opportunities ETF Price Performance

Shares of NYSEARCA:BYRE opened at $27.97 on Friday. The company’s fifty day moving average price is $27.34 and its 200 day moving average price is $26.32. Principal Real Estate Active Opportunities ETF has a 12 month low of $24.24 and a 12 month high of $28.15. The firm has a market capitalization of $27.41 million, a P/E ratio of 35.23 and a beta of 0.87.

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.