Residential REIT ETF (BATS:HAUS) Trading Down 0.6% – Here’s What Happened

Residential REIT ETF (BATS:HAUS) shares dropped 0.6% during mid-day trading on Friday . The stock traded as low as $18.42 and last traded at $18.43. Approximately 1,268 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 5,071 shares. The stock had previously closed at $18.54.

Residential REIT ETF Price Performance

The business has a 50 day simple moving average of $17.99 and a 200 day simple moving average of $17.72. The company has a market capitalization of $8.29 million, a price-to-earnings ratio of 42.72 and a beta of 0.78.

Hedge Funds Weigh In On Residential REIT ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new stake in Residential REIT ETF in the 3rd quarter valued at about $121,000. Ethos Financial Group LLC lifted its position in Residential REIT ETF by 20.6% in the second 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 during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Residential REIT ETF in the 2nd quarter valued at about $875,000.

Residential REIT ETF Company Profile

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.