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

The Intelligent Real Estate ETF (NASDAQ:REAI) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 400.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Intelligent Real Estate ETF

An institutional investor recently raised its position in Intelligent Real Estate ETF stock. Seneca House Advisors grew its holdings in The Intelligent Real Estate ETF (NASDAQ:REAI) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,838 shares of the company’s stock after purchasing an additional 2,313 shares during the period. Intelligent Real Estate ETF makes up about 0.8% of Seneca House Advisors’ holdings, making the stock its 29th biggest position. Seneca House Advisors owned about 58.14% of Intelligent Real Estate ETF worth $2,068,000 as of its most recent SEC filing.

Intelligent Real Estate ETF Price Performance

Shares of REAI traded down $0.09 during mid-day trading on Friday, hitting $20.08. The stock had a trading volume of 5,578 shares, compared to its average volume of 544. Intelligent Real Estate ETF has a 52 week low of $18.39 and a 52 week high of $23.33. The business has a fifty day moving average price of $20.65 and a 200-day moving average price of $21.55. The firm has a market cap of $3.41 million, a P/E ratio of 25.69 and a beta of 1.03.

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.