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

The Intelligent Real Estate ETF (NASDAQ:REAI) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,400 shares, a decline 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 presently 6.0 days.

Institutional Investors Weigh In On Intelligent Real Estate ETF

A hedge fund recently bought a new stake in Intelligent Real Estate ETF stock. Seneca House Advisors purchased a new stake in shares of The Intelligent Real Estate ETF (NASDAQ:REAI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 96,525 shares of the company’s stock, valued at approximately $2,206,000. Intelligent Real Estate ETF accounts for approximately 0.9% of Seneca House Advisors’ holdings, making the stock its 26th biggest position. Seneca House Advisors owned about 56.78% of Intelligent Real Estate ETF as of its most recent filing with the Securities & Exchange Commission.

Intelligent Real Estate ETF Stock Down 0.1 %

Shares of NASDAQ:REAI traded down $0.02 during midday trading on Friday, hitting $20.67. 247 shares of the stock traded hands, compared to its average volume of 159. The business’s 50 day moving average is $21.54 and its two-hundred day moving average is $21.75. The stock has a market capitalization of $3.51 million, a PE ratio of 28.79 and a beta of 1.03. Intelligent Real Estate ETF has a one year low of $18.39 and a one year high of $23.33.

Intelligent Real Estate ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were given a dividend of $0.1177 per share. The ex-dividend date of this dividend was Friday, December 27th.

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.