Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 546 shares, a drop of 89.4% from the July 15th total of 5,161 shares. Based on an average daily trading volume, of 3,441 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Principal Real Estate Active Opportunities ETF Trading Up 0.3%
Principal Real Estate Active Opportunities ETF stock traded up $0.09 on Wednesday, reaching $27.19. 337 shares of the stock were exchanged, compared to its average volume of 3,619. The stock has a market cap of $27.19 million, a PE ratio of 35.23 and a beta of 0.87. Principal Real Estate Active Opportunities ETF has a twelve month low of $24.24 and a twelve month high of $28.58. The firm has a fifty day moving average price of $27.52 and a two-hundred day moving average price of $26.70.
Hedge Funds Weigh In On Principal Real Estate Active Opportunities ETF
Several large investors have recently made changes to their positions in BYRE. Virtu Financial LLC bought a new stake in Principal Real Estate Active Opportunities ETF during the 4th quarter valued at approximately $261,000. Commonwealth Equity Services LLC acquired a new stake in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at approximately $209,000. Finally, Principal Securities Inc. increased its position in 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 worth $14,033,000 after buying an additional 120,985 shares during the period.
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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