The Intelligent Real Estate ETF (NASDAQ:REAI) Sees Large Growth in Short Interest

Posted by Trevor Kearing on Nov 12th, 2024

The Intelligent Real Estate ETF (NASDAQ:REAI – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,500 shares, a growth of 525.0% from the October 15th total of 400 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 6.3 days.

Intelligent Real Estate ETF Stock Up 0.6 %

Shares of REAI traded up $0.14 on Tuesday, hitting $22.56. The company’s stock had a trading volume of 113 shares, compared to its average volume of 442. The firm’s fifty day moving average price is $22.49 and its 200-day moving average price is $21.07. Intelligent Real Estate ETF has a fifty-two week low of $17.23 and a fifty-two week high of $23.33. The firm has a market capitalization of $3.84 million, a price-to-earnings ratio of 28.79 and a beta of 1.03.

Intelligent Real Estate ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 29th were given a $0.1894 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.76 annualized dividend and a dividend yield of 3.36%.

Hedge Funds Weigh In On Intelligent Real Estate ETF

An institutional investor recently bought a new position in Intelligent Real Estate ETF stock. Seneca House Advisors purchased a new position in shares of The Intelligent Real Estate ETF (NASDAQ:REAI – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 96,525 shares of the company’s stock, valued at approximately $2,206,000. Intelligent Real Estate ETF comprises about 0.9% of Seneca House Advisors’ portfolio, making the stock its 26th biggest position. Seneca House Advisors owned 56.78% of Intelligent Real Estate ETF at the end of the most recent reporting period.

Intelligent Real Estate ETF Company Profile

(Get Free Report)

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.