Intelligent Real Estate ETF (NASDAQ:REAI) Stock Price Up 0.6% – Should You Buy?

The Intelligent Real Estate ETF (NASDAQ:REAI)’s share price shot up 0.6% during trading on Thursday . The stock traded as high as $20.78 and last traded at $21.02. 12 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 231 shares. The stock had previously closed at $20.90.

Intelligent Real Estate ETF Price Performance

The company has a 50-day moving average of $20.09 and a two-hundred day moving average of $19.82. The stock has a market capitalization of $1.05 million, a PE ratio of 24.84 and a beta of 1.01.

Hedge Funds Weigh In On Intelligent Real Estate ETF

A hedge fund recently bought a new stake in Intelligent Real Estate ETF stock. Jane Street Group LLC purchased a new stake in The Intelligent Real Estate ETF (NASDAQ:REAI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 46,351 shares of the company’s stock, valued at approximately $872,000. Jane Street Group LLC owned about 92.70% of Intelligent Real Estate ETF as of its most recent SEC filing.

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.