Short Interest in Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Declines By 89.4%

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYREGet Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 546 shares, a decline of 89.4% from the July 15th total of 5,161 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,441 shares, the days-to-cover ratio is currently 0.2 days.

Principal Real Estate Active Opportunities ETF Trading Up 1.2%

Shares of BYRE stock traded up $0.33 during trading hours on Thursday, hitting $27.62. 823 shares of the company were exchanged, compared to its average volume of 3,612. The firm has a fifty day simple moving average of $27.54 and a 200 day simple moving average of $26.73. Principal Real Estate Active Opportunities ETF has a 52-week low of $24.24 and a 52-week high of $28.58. The stock has a market capitalization of $27.62 million, a price-to-earnings ratio of 35.23 and a beta of 0.87.

Institutional Trading of Principal Real Estate Active Opportunities ETF

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter worth $209,000. Virtu Financial LLC bought a new stake in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at about $261,000. Finally, Principal Securities Inc. lifted its holdings in 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 valued at $14,033,000 after purchasing an additional 120,985 shares during the last quarter.

About Principal Real Estate Active Opportunities ETF

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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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