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

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

Hedge Funds 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 purchased a new position in The Intelligent Real Estate ETF (NASDAQ:REAI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,351 shares of the company’s stock, valued at approximately $872,000. Jane Street Group LLC owned approximately 92.70% of Intelligent Real Estate ETF as of its most recent SEC filing.

Intelligent Real Estate ETF Price Performance

Shares of REAI stock traded up $0.00 during trading on Thursday, reaching $21.50. The company’s stock had a trading volume of 7 shares, compared to its average volume of 244. The company has a market capitalization of $1.08 million, a price-to-earnings ratio of 24.84 and a beta of 0.99. The stock’s 50-day moving average price is $21.42 and its 200 day moving average price is $20.44. Intelligent Real Estate ETF has a 1-year low of $18.30 and a 1-year high of $21.92.

About Intelligent Real Estate ETF

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.