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

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 42 shares, a drop of 52.8% from the September 30th total of 89 shares. Based on an average daily volume of 38 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Intelligent Real Estate ETF Price Performance

Intelligent Real Estate ETF stock traded down $0.08 during mid-day trading on Friday, hitting $20.22. The company’s stock had a trading volume of 91 shares, compared to its average volume of 198. The business has a 50 day moving average price of $20.53 and a 200-day moving average price of $20.84. Intelligent Real Estate ETF has a 12 month low of $18.30 and a 12 month high of $21.95. The stock has a market cap of $1.01 million, a price-to-earnings ratio of 24.84 and a beta of 0.99.

Intelligent Real Estate ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were paid a $0.3251 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.30 annualized dividend and a dividend yield of 6.4%.

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.