Short Interest in The Intelligent Real Estate ETF (NASDAQ:REAI) Rises By 152.2%

The Intelligent Real Estate ETF (NASDAQ:REAI) was the target of 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 stock are sold short. Based on an average trading volume of 56 shares, the short-interest ratio is presently 3.0 days.

Intelligent Real Estate ETF Trading Down 1.1%

NASDAQ:REAI traded down $0.23 during trading hours on Monday, reaching $20.86. 78 shares of the company were exchanged, compared to its average volume of 216. Intelligent Real Estate ETF has a twelve month low of $18.30 and a twelve month high of $21.95. The stock’s 50-day moving average is $21.47 and its 200-day moving average is $21.15. The firm has a market cap of $1.04 million, a PE ratio of 24.84 and a beta of 0.97.

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.