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

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 169 shares, an increase of 152.2% from the August 15th total of 67 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 56 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On 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 position in shares of The Intelligent Real Estate ETF (NASDAQ:REAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 46,351 shares of the company’s stock, valued at approximately $872,000. Jane Street Group LLC owned approximately 92.70% of Intelligent Real Estate ETF as of its most recent filing with the SEC.

Intelligent Real Estate ETF Price Performance

Shares of NASDAQ REAI opened at $21.02 on Friday. The firm has a market cap of $1.05 million, a price-to-earnings ratio of 24.84 and a beta of 0.97. The stock’s fifty day moving average price is $21.48 and its two-hundred day moving average price is $21.15. Intelligent Real Estate ETF has a one year low of $18.30 and a one year high of $21.95.

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.