Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Update

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

Principal Real Estate Active Opportunities ETF Price Performance

Shares of BYRE stock traded down $0.38 during mid-day trading on Friday, hitting $26.83. 4,068 shares of the stock traded hands, compared to its average volume of 3,933. 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 cap of $25.22 million, a P/E ratio of 35.23 and a beta of 0.89. The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $25.52.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. grew its holdings in Principal Real Estate Active Opportunities ETF by 26.7% in the fourth quarter. Principal Securities Inc. now owns 573,727 shares of the company’s stock worth $14,033,000 after purchasing an additional 120,985 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Principal Real Estate Active Opportunities ETF by 41.3% during the third quarter. Envestnet Asset Management Inc. now owns 444,054 shares of the company’s stock worth $11,226,000 after purchasing an additional 129,727 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter valued at $261,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF during the 4th quarter valued at $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.