Short Interest in The Intelligent Real Estate ETF (NASDAQ:REAI) Drops By 97.8%

The Intelligent Real Estate ETF (NASDAQ:REAI) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2 shares, a decrease of 97.8% from the May 31st total of 91 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 531 shares, the days-to-cover ratio is presently 0.0 days.

Intelligent Real Estate ETF Price Performance

REAI stock opened at $21.50 on Friday. Intelligent Real Estate ETF has a 1 year low of $18.30 and a 1 year high of $21.92. The company has a market cap of $1.08 million, a P/E ratio of 24.84 and a beta of 0.99. The stock’s fifty day moving average price is $21.42 and its 200-day moving average price is $20.44.

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 acquired 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 institutional investor acquired 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 SEC filing.

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.