Residential REIT ETF (BATS:HAUS) Stock Price Down 1.7% – Here’s What Happened

Residential REIT ETF (BATS:HAUS) was down 1.7% during trading on Thursday . The stock traded as low as $18.1208 and last traded at $17.8790. Approximately 1,613 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,704 shares. The stock had previously closed at $18.1961.

Residential REIT ETF Price Performance

The firm has a market capitalization of $8.05 million, a P/E ratio of 42.72 and a beta of 0.78. The firm’s 50 day moving average is $17.73 and its two-hundred day moving average is $17.65.

Institutional Investors Weigh In On Residential REIT ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in Residential REIT ETF in the 2nd quarter valued at about $875,000. Ethos Financial Group LLC raised its stake in Residential REIT ETF by 10.8% in the third quarter. Ethos Financial Group LLC now owns 29,027 shares of the company’s stock valued at $517,000 after buying an additional 2,830 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Residential REIT ETF in the third quarter valued at approximately $121,000.

About Residential REIT ETF

The Home Appreciation U.S. REIT ETF (HAUS) is an exchange-traded fund that mostly invests in real estate equity. The fund provides exposure to publicly traded REITS that derive a substantial amount of their revenue from US residential properties. The fund is actively managed. HAUS was launched on Feb 28, 2022 and is managed by Armada ETF Advisors.