Residential REIT ETF (BATS:HAUS) Trading Down 2.7% – Here’s Why

Residential REIT ETF (BATS:HAUS)’s stock price fell 2.7% on Monday . The company traded as low as $18.12 and last traded at $17.70. 1,613 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 5,704 shares. The stock had previously closed at $18.20.

Residential REIT ETF Trading Down 2.7%

The business’s 50-day simple moving average is $17.80 and its two-hundred day simple moving average is $18.21. The company has a market capitalization of $7.97 million, a PE ratio of 42.72 and a beta of 0.78.

Institutional Investors Weigh In On Residential REIT ETF

Large investors have recently made changes to their positions in the company. Tidal Investments LLC bought a new position in shares of Residential REIT ETF in the second quarter valued at approximately $875,000. Ethos Financial Group LLC lifted its position in shares of Residential REIT ETF by 20.6% in the 2nd quarter. Ethos Financial Group LLC now owns 26,197 shares of the company’s stock valued at $477,000 after acquiring an additional 4,478 shares in the last quarter. Centric Wealth Management lifted its position in shares of Residential REIT ETF by 6.6% in the 1st quarter. Centric Wealth Management now owns 32,685 shares of the company’s stock valued at $638,000 after acquiring an additional 2,032 shares in the last quarter. Finally, GTS Securities LLC lifted its position in shares of Residential REIT ETF by 96.2% in the 4th quarter. GTS Securities LLC now owns 30,456 shares of the company’s stock valued at $572,000 after acquiring an additional 14,933 shares in the last quarter.

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.