Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Stock Short Interest Report for October

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 478 shares, a decline of 85.7% from the October 15th total of 3,352 shares. Based on an average daily volume of 4,530 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

A hedge fund recently raised its stake in Principal Real Estate Active Opportunities ETF stock. Envestnet Asset Management Inc. raised its stake in shares of Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 638,252 shares of the company’s stock after buying an additional 9,755 shares during the quarter. Envestnet Asset Management Inc. owned about 63.83% of Principal Real Estate Active Opportunities ETF worth $17,431,000 at the end of the most recent reporting period.

Principal Real Estate Active Opportunities ETF Price Performance

Shares of BYRE traded down $0.11 during mid-day trading on Wednesday, hitting $27.44. The stock had a trading volume of 2,212 shares, compared to its average volume of 3,433. The firm has a market cap of $27.99 million, a P/E ratio of 38.39 and a beta of 0.86. The business has a fifty day moving average price of $26.36 and a 200-day moving average price of $26.68. Principal Real Estate Active Opportunities ETF has a 52 week low of $24.24 and a 52 week high of $28.58.

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.