The Intelligent Real Estate ETF (NASDAQ:REAI) Shares Shorted: Short Interest Down 52.8% in October

The Intelligent Real Estate ETF (NASDAQ:REAI) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 42 shares, a decrease of 52.8% from the September 30th total of 89 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 38 shares, the days-to-cover ratio is presently 1.1 days.

Intelligent Real Estate ETF Trading Down 0.4%

Shares of REAI traded down $0.08 during trading hours on Friday, hitting $20.22. 91 shares of the stock traded hands, compared to its average volume of 198. Intelligent Real Estate ETF has a 1-year low of $18.30 and a 1-year high of $21.95. The firm has a market capitalization of $1.01 million, a PE ratio of 24.84 and a beta of 0.99. The business has a fifty day moving average of $20.53 and a 200-day moving average of $20.84.

Intelligent Real Estate ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were issued a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.30 annualized dividend and a dividend yield of 6.4%.

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.