The Intelligent Real Estate ETF (NASDAQ:REAI) Short Interest Down 25.0% in December

The Intelligent Real Estate ETF (NASDAQ:REAI) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 2,400 shares, a drop of 25.0% from the December 15th total of 3,200 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 6.0 days.

Intelligent Real Estate ETF Stock Performance

Shares of REAI stock traded down $0.44 during mid-day trading on Wednesday, reaching $19.91. 8 shares of the company were exchanged, compared to its average volume of 134. The business’s 50 day simple moving average is $21.66 and its 200 day simple moving average is $21.76. Intelligent Real Estate ETF has a fifty-two week low of $18.39 and a fifty-two week high of $23.33. The company has a market capitalization of $3.38 million, a P/E ratio of 28.79 and a beta of 1.03.

Intelligent Real Estate ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were issued a $0.1177 dividend. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Trading of Intelligent Real Estate ETF

A hedge fund recently bought a new stake in Intelligent Real Estate ETF stock. Seneca House Advisors purchased a new position in The Intelligent Real Estate ETF (NASDAQ:REAI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 96,525 shares of the company’s stock, valued at approximately $2,206,000. Intelligent Real Estate ETF makes up about 0.9% of Seneca House Advisors’ investment portfolio, making the stock its 26th biggest holding. Seneca House Advisors owned 56.78% of Intelligent Real Estate ETF as of its most recent filing with the Securities & Exchange Commission.

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.