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

Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 546 shares, a decrease of 89.4% from the July 15th total of 5,161 shares. Based on an average daily volume of 3,441 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Principal Real Estate Active Opportunities ETF Price Performance

Shares of BYRE stock traded up $0.09 on Wednesday, hitting $27.19. The company’s stock had a trading volume of 337 shares, compared to its average volume of 3,619. Principal Real Estate Active Opportunities ETF has a fifty-two week low of $24.24 and a fifty-two week high of $28.58. The firm’s fifty day moving average price is $27.52 and its 200-day moving average price is $26.70. The stock has a market capitalization of $27.19 million, a price-to-earnings ratio of 35.23 and a beta of 0.87.

Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its position 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 worth $14,033,000 after purchasing an additional 120,985 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Principal Real Estate Active Opportunities ETF in the fourth quarter valued at approximately $209,000. Finally, Virtu Financial LLC bought a new position in shares of Principal Real Estate Active Opportunities ETF in the fourth quarter valued at approximately $261,000.

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.