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

The Intelligent Real Estate ETF (NASDAQ:REAI) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 200 shares, a decline of 50.0% from the March 31st total of 400 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 0.3 days.

Intelligent Real Estate ETF Trading Down 0.0 %

Shares of NASDAQ:REAI traded down $0.01 during midday trading on Friday, reaching $18.72. 6 shares of the company’s stock traded hands, compared to its average volume of 638. The company has a market capitalization of $3.18 million, a P/E ratio of 30.26 and a beta of 1.00. Intelligent Real Estate ETF has a one year low of $16.74 and a one year high of $21.06. The stock’s 50 day moving average price is $19.35.

Intelligent Real Estate ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.2077 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, April 25th.

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.