Residential REIT ETF (BATS:HAUS) Stock Price Down 1.2% – Here’s What Happened

Shares of Residential REIT ETF (BATS:HAUS) fell 1.2% during trading on Wednesday . The stock traded as low as $18.1208 and last traded at $17.9790. 1,613 shares were traded during trading, a decline of 72% from the average session volume of 5,704 shares. The stock had previously closed at $18.1961.

Residential REIT ETF Price Performance

The business has a 50-day simple moving average of $17.60 and a 200-day simple moving average of $17.68. The firm has a market capitalization of $8.09 million, a PE ratio of 42.72 and a beta of 0.78.

Institutional Trading of Residential REIT ETF

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