The Intelligent Real Estate ETF (NASDAQ:REAI – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 42 shares, a decline of 52.8% from the September 30th total of 89 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 38 shares, the days-to-cover ratio is currently 1.1 days.
Intelligent Real Estate ETF Trading Down 0.5%
NASDAQ REAI traded down $0.10 during trading on Friday, hitting $20.20. 141 shares of the company’s stock were exchanged, compared to its average volume of 198. Intelligent Real Estate ETF has a fifty-two week low of $18.30 and a fifty-two week high of $21.95. The stock’s 50 day moving average price is $20.50 and its two-hundred day moving average price is $20.84. The company has a market cap of $1.01 million, a PE ratio of 24.84 and a beta of 0.99.
Intelligent Real Estate ETF Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were issued 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%.
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. REAI was launched on Jun 13, 2023 and is issued by Armada ETF Advisors.
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