The Intelligent Real Estate ETF (NASDAQ:REAI) Short Interest Up 1,350.0% in June

The Intelligent Real Estate ETF (NASDAQ:REAI) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 29 shares, an increase of 1,350.0% from the June 15th total of 2 shares. Based on an average daily volume of 141 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Intelligent Real Estate ETF Stock Up 1.0%

NASDAQ:REAI traded up $0.21 during trading hours on Friday, reaching $21.38. 348 shares of the company’s stock were exchanged, compared to its average volume of 236. The firm has a market capitalization of $1.07 million, a price-to-earnings ratio of 24.84 and a beta of 0.99. The company has a 50-day moving average of $21.40 and a 200 day moving average of $20.60. Intelligent Real Estate ETF has a 1-year low of $18.30 and a 1-year high of $21.92.

Institutional Investors 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) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.