Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) Short Interest Update
by Teresa Graham · The Cerbat GemPrincipal Real Estate Active Opportunities ETF (NYSEARCA:BYRE – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,016 shares, a decrease of 49.2% from the April 15th total of 3,969 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 3,503 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Principal Real Estate Active Opportunities ETF
A number of hedge funds have recently added to or reduced their stakes in BYRE. Commonwealth Equity Services LLC purchased a new position in Principal Real Estate Active Opportunities ETF in the 4th quarter valued at approximately $209,000. Virtu Financial LLC purchased a new stake in shares of Principal Real Estate Active Opportunities ETF during the fourth quarter worth $261,000. 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 acquiring an additional 129,727 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of 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 valued at $14,033,000 after acquiring an additional 120,985 shares in the last quarter.
Principal Real Estate Active Opportunities ETF Stock Performance
Shares of BYRE traded down $0.38 during mid-day trading on Friday, hitting $26.83. 4,068 shares of the company’s stock were exchanged, compared to its average volume of 3,933. The stock’s 50-day moving average is $26.22 and its 200-day moving average is $25.52. Principal Real Estate Active Opportunities ETF has a fifty-two week low of $24.24 and a fifty-two week high of $27.57. The company has a market cap of $25.22 million, a price-to-earnings ratio of 35.23 and a beta of 0.89.
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.