AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Up 2,606.8% in June

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 14,292 shares, a growth of 2,606.8% from the May 31st total of 528 shares. Approximately 28.6% of the company’s stock are short sold. Based on an average daily trading volume, of 3,593 shares, the days-to-cover ratio is currently 4.0 days.

AdvisorShares Hotel ETF Trading Up 1.7%

NYSEARCA BEDZ traded up $0.64 during trading hours on Friday, hitting $37.77. The company’s stock had a trading volume of 3,107 shares, compared to its average volume of 1,375. AdvisorShares Hotel ETF has a 52 week low of $30.45 and a 52 week high of $37.78. The company has a market capitalization of $1.89 million, a PE ratio of 16.44 and a beta of 1.11. The company’s 50-day simple moving average is $34.86 and its two-hundred day simple moving average is $33.55.

About AdvisorShares Hotel ETF

The AdvisorShares Hotel ETF (BEDZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively managed ETF that provides exposure to US hotels, resorts, cruise lines and their sub-industries. BEDZ was launched on Apr 20, 2021 and is managed by AdvisorShares.