The Intelligent Real Estate ETF (NASDAQ:REAI) Sees Large Drop in Short Interest

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 4 shares, a decrease of 93.1% from the July 15th total of 58 shares. Based on an average daily volume of 261 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Intelligent Real Estate ETF Trading Down 1.2%

NASDAQ REAI traded down $0.26 during trading hours on Thursday, hitting $21.38. 19 shares of the company’s stock were exchanged, compared to its average volume of 231. The firm has a market cap of $1.07 million, a price-to-earnings ratio of 24.84 and a beta of 0.98. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $20.98. Intelligent Real Estate ETF has a 1-year low of $18.30 and a 1-year high of $21.92.

Institutional Trading of Intelligent Real Estate ETF

An institutional investor recently bought a new stake in Intelligent Real Estate ETF stock. Jane Street Group LLC bought a new stake in shares of The Intelligent Real Estate ETF (NASDAQ:REAI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 46,351 shares of the company’s stock, valued at approximately $872,000. Jane Street Group LLC owned 92.70% of Intelligent Real Estate ETF as of its most recent SEC filing.

Intelligent Real Estate ETF Company Profile

The Tidal ETF Trust Intelligent Real Estate ETF (REAI) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed fund that invests primarily in US-listed commercial REITs that provide qualitative characteristics of a portfolio of public, non-traded REITs. The fund also invests, to a lesser extent, in mortgage-backed securities. REAI was launched on Jun 13, 2023 and is issued by Armada ETF Advisors.