Bluerock Homes Trust, Inc. (NYSEAMERICAN:BHM – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 9,500 shares, a decline of 14.4% from the September 30th total of 11,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 2.8 days.
Bluerock Homes Trust Stock Up 0.3 %
Bluerock Homes Trust stock traded up $0.04 during midday trading on Thursday, hitting $14.54. 1,024 shares of the company’s stock were exchanged, compared to its average volume of 4,656. Bluerock Homes Trust has a 52-week low of $13.10 and a 52-week high of $19.01. The stock has a market cap of $57.43 million, a price-to-earnings ratio of -9.67 and a beta of 0.76.
Hedge Funds Weigh In On Bluerock Homes Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors grew its position in Bluerock Homes Trust by 6.2% during the second quarter. Arkadios Wealth Advisors now owns 44,360 shares of the company’s stock worth $776,000 after buying an additional 2,576 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Bluerock Homes Trust during the third quarter worth about $3,380,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Bluerock Homes Trust by 77.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 95,499 shares of the company’s stock worth $1,671,000 after purchasing an additional 41,821 shares during the last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
About Bluerock Homes Trust
Bluerock Homes Trust, Inc (the Company) was incorporated in Maryland on December 16, 2021. The Company owns and operates high-quality single-family properties located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States.
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