The Intelligent Real Estate ETF (NASDAQ:REAI) Sees Significant Increase in Short Interest

The Intelligent Real Estate ETF (NASDAQ:REAI) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 29 shares, an increase of 1,350.0% from the June 15th total of 2 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 141 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Intelligent Real Estate ETF

An institutional investor recently bought a new position in Intelligent Real Estate ETF stock. Jane Street Group LLC purchased a new position in shares of The Intelligent Real Estate ETF (NASDAQ:REAI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 46,351 shares of the company’s stock, valued at approximately $872,000. Jane Street Group LLC owned about 92.70% of Intelligent Real Estate ETF at the end of the most recent quarter.

Intelligent Real Estate ETF Stock Performance

Shares of REAI traded up $0.21 during trading hours on Friday, hitting $21.38. The stock had a trading volume of 348 shares, compared to its average volume of 236. The firm has a 50-day moving average price of $21.40 and a 200 day moving average price of $20.60. The firm has a market capitalization of $1.07 million, a price-to-earnings ratio of 24.84 and a beta of 0.99. Intelligent Real Estate ETF has a fifty-two week low of $18.30 and a fifty-two week high of $21.92.

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.