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

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 29 shares, a growth of 1,350.0% from the June 15th total of 2 shares. Based on an average daily trading volume, of 141 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Intelligent Real Estate ETF Stock Performance

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Intelligent Real Estate ETF stock. Jane Street Group LLC purchased a new stake in The Intelligent Real Estate ETF (NASDAQ:REAI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 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.