Intelligent Real Estate ETF (NASDAQ:REAI) Shares Up 0.6% – Should You Buy?

Shares of The Intelligent Real Estate ETF (NASDAQ:REAI) traded up 0.6% during mid-day trading on Thursday . The company traded as high as $20.78 and last traded at $21.02. 12 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 231 shares. The stock had previously closed at $20.90.

Intelligent Real Estate ETF Stock Performance

The firm has a 50 day simple moving average of $20.13 and a two-hundred day simple moving average of $19.83. The stock has a market cap of $1.03 million, a P/E ratio of 24.84 and a beta of 1.01.

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 bought a new position in The Intelligent Real Estate ETF (NASDAQ:REAI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 reporting period.

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.