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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,016 shares, a drop of 49.2% from the April 15th total of 3,969 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,503 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYRE. Principal Securities Inc. raised its holdings in shares of 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 purchasing an additional 120,985 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Principal Real Estate Active Opportunities ETF by 41.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 444,054 shares of the company’s stock worth $11,226,000 after buying an additional 129,727 shares during the last quarter. Virtu Financial LLC purchased a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter worth approximately $261,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter worth approximately $209,000.

Principal Real Estate Active Opportunities ETF Price Performance

Shares of NYSEARCA:BYRE opened at $26.83 on Monday. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $27.57. The stock has a market capitalization of $25.22 million, a P/E ratio of 35.23 and a beta of 0.89. The firm has a fifty day simple moving average of $26.22 and a two-hundred day simple moving average of $25.52.

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.