The Intelligent Real Estate ETF (NASDAQ:REAI) Short Interest Update

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

Intelligent Real Estate ETF Stock Performance

Shares of Intelligent Real Estate ETF stock traded down $0.08 on Wednesday, reaching $19.85. 16 shares of the company’s stock were exchanged, compared to its average volume of 209. The company has a market capitalization of $992,700.00, a P/E ratio of 24.84 and a beta of 0.97. Intelligent Real Estate ETF has a 52 week low of $18.30 and a 52 week high of $21.95. The firm’s 50-day moving average is $21.32 and its two-hundred day moving average is $21.12.

Intelligent Real Estate ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were paid a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.30 annualized dividend and a yield of 6.5%.

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.