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 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. Based on an average daily trading volume, of 531 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intelligent Real Estate ETF stock. Jane Street Group LLC bought a new stake in The Intelligent Real Estate ETF (NASDAQ:REAI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Intelligent Real Estate ETF Stock Performance

Shares of NASDAQ REAI traded up $0.00 during midday trading on Thursday, reaching $21.50. 7 shares of the stock were exchanged, compared to its average volume of 244. The stock has a market capitalization of $1.08 million, a P/E ratio of 24.84 and a beta of 0.99. The company has a 50 day simple moving average of $21.42 and a 200 day simple moving average of $20.44. Intelligent Real Estate ETF has a twelve month low of $18.30 and a twelve month 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.