Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE – Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 2,964 shares, a decline 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.
Principal Real Estate Active Opportunities ETF Price Performance
NYSEARCA:BYRE opened at $27.97 on Friday. The firm’s 50-day moving average price is $27.34 and its 200-day moving average price is $26.32. The company has a market capitalization of $27.41 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 $28.15.
Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. lifted its holdings in shares of 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. Virtu Financial LLC bought a new stake in shares of Principal Real Estate Active Opportunities ETF in the 4th quarter worth approximately $261,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF in the 4th quarter worth approximately $209,000.
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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