Residential REIT ETF (BATS:HAUS) Shares Down 4.4% – Time to Sell?

Residential REIT ETF (BATS:HAUS) shares dropped 4.4% on Tuesday . The stock traded as low as $18.12 and last traded at $17.40. Approximately 1,613 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 5,704 shares. The stock had previously closed at $18.20.

Residential REIT ETF Trading Down 4.4%

The firm’s fifty day moving average price is $17.67 and its 200-day moving average price is $18.03. The company has a market cap of $7.83 million, a price-to-earnings ratio of 42.72 and a beta of 0.78.

Institutional Trading of Residential REIT ETF

A number of large investors have recently bought and sold shares of HAUS. Ethos Financial Group LLC acquired a new stake in Residential REIT ETF during the 1st quarter worth approximately $424,000. Centric Wealth Management increased its position in shares of Residential REIT ETF by 6.6% during the first quarter. Centric Wealth Management now owns 32,685 shares of the company’s stock worth $638,000 after acquiring an additional 2,032 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Residential REIT ETF during the second quarter worth $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.