Residential REIT ETF (BATS:HAUS) Stock Falls 1.4% – Here’s Why

Residential REIT ETF (BATS:HAUS)’s share price was down 1.4% during trading on Wednesday. The company traded as low as $17.26 and last traded at $17.26. Approximately 338 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,055 shares. The stock had previously closed at $17.50.

Residential REIT ETF Price Performance

The stock has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $18.39. The company has a market capitalization of $7.77 million, a price-to-earnings ratio of 42.72 and a beta of 0.78.

Institutional Trading of Residential REIT ETF

A hedge fund recently raised its stake in Residential REIT ETF stock. ZEGA Investments LLC lifted its stake in Residential REIT ETF (BATS:HAUS) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,200 shares of the company’s stock after purchasing an additional 2,556 shares during the period. ZEGA Investments LLC owned 6.93% of Residential REIT ETF worth $589,000 at the end of the most recent 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.