Residential REIT ETF (BATS:HAUS) Shares Down 2.6% – What’s Next?

Residential REIT ETF (BATS:HAUS) shares dropped 2.6% during trading on Friday . The company traded as low as $17.05 and last traded at $17.11. Approximately 2,158 shares traded hands during trading, a decline of 50% from the average daily volume of 4,286 shares. The stock had previously closed at $17.56.

Residential REIT ETF Stock Performance

The company has a 50 day simple moving average of $18.09 and a two-hundred day simple moving average of $17.75. The firm has a market cap of $7.70 million, a PE ratio of 42.72 and a beta of 0.78.

Institutional Investors Weigh In On Residential REIT ETF

A number of large investors have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in Residential REIT ETF during the 2nd quarter worth approximately $875,000. Spire Wealth Management purchased a new stake in shares of Residential REIT ETF in the 3rd quarter valued at $121,000. Finally, Ethos Financial Group LLC increased its stake in shares of Residential REIT ETF by 10.8% in the third quarter. Ethos Financial Group LLC now owns 29,027 shares of the company’s stock worth $517,000 after acquiring an additional 2,830 shares during the period.

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.