The Intelligent Real Estate ETF (NASDAQ:REAI) Sees Significant Decrease in Short Interest

The Intelligent Real Estate ETF (NASDAQ:REAI) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 99 shares, a decrease of 41.4% from the August 31st total of 169 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 35 shares, the short-interest ratio is currently 2.8 days.

Intelligent Real Estate ETF Stock Up 0.8%

Shares of Intelligent Real Estate ETF stock traded up $0.15 during trading on Friday, reaching $19.84. The company’s stock had a trading volume of 71 shares, compared to its average volume of 208. Intelligent Real Estate ETF has a 1-year low of $18.30 and a 1-year high of $21.95. The company has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $21.11. The company has a market cap of $992,000.00, a price-to-earnings ratio of 24.84 and a beta of 0.97.

Intelligent Real Estate ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were issued a $0.3251 dividend. This represents a $1.30 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, September 28th.

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.