Short Interest in The Intelligent Real Estate ETF (NASDAQ:REAI) Expands By 152.2%

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 169 shares, a growth of 152.2% from the August 15th total of 67 shares. Based on an average trading volume of 56 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.3% of the company’s shares are sold short.

Intelligent Real Estate ETF Price Performance

Shares of NASDAQ REAI traded down $0.09 during midday trading on Tuesday, hitting $20.70. The company’s stock had a trading volume of 78 shares, compared to its average volume of 216. The firm has a market capitalization of $20.68 million, a price-to-earnings ratio of 24.84 and a beta of 0.97. Intelligent Real Estate ETF has a 1 year low of $18.30 and a 1 year high of $21.95. The business’s fifty day simple moving average is $21.47 and its two-hundred day simple moving average is $21.15.

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.