Residential REIT ETF (BATS:HAUS) Stock Price Up 5.2% – Should You Buy?

Shares of Residential REIT ETF (BATS:HAUS) were up 5.2% on Wednesday . The company traded as high as $18.62 and last traded at $19.22. Approximately 2,731 shares traded hands during trading, a decline of 47% from the average daily volume of 5,153 shares. The stock had previously closed at $18.27.

Residential REIT ETF Price Performance

The firm has a market cap of $7.69 million, a P/E ratio of 39.27 and a beta of 0.83. The stock’s 50-day simple moving average is $18.80 and its two-hundred day simple moving average is $19.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its position in Residential REIT ETF by 5.0% during the fourth quarter. Tidal Investments LLC now owns 39,064 shares of the company’s stock valued at $733,000 after acquiring an additional 1,861 shares during the last quarter. Centric Wealth Management increased its position in Residential REIT ETF by 8.9% during the fourth quarter. Centric Wealth Management now owns 30,653 shares of the company’s stock valued at $575,000 after acquiring an additional 2,494 shares during the last quarter. Finally, GTS Securities LLC increased its position in Residential REIT ETF by 96.2% during the fourth quarter. GTS Securities LLC now owns 30,456 shares of the company’s stock valued at $572,000 after acquiring an additional 14,933 shares during the last 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.