Short Interest in The Intelligent Real Estate ETF (NASDAQ:REAI) Declines By 97.8%

The Intelligent Real Estate ETF (NASDAQ:REAI) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2 shares, a decline of 97.8% from the May 31st total of 91 shares. Based on an average daily volume of 531 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Intelligent Real Estate ETF

A hedge fund recently bought a new stake in Intelligent Real Estate ETF stock. Jane Street Group LLC purchased a new position in The Intelligent Real Estate ETF (NASDAQ:REAI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent quarter.

Intelligent Real Estate ETF Price Performance

Shares of NASDAQ:REAI traded up $0.29 during trading on Friday, hitting $21.66. The company’s stock had a trading volume of 18 shares, compared to its average volume of 243. The company has a 50-day moving average of $21.43 and a 200-day moving average of $20.44. Intelligent Real Estate ETF has a 12 month low of $18.30 and a 12 month high of $21.92. The firm has a market cap of $1.08 million, a price-to-earnings ratio of 24.84 and a beta of 0.99.

About Intelligent Real Estate ETF

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.