Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Decreases By 57.2%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 6,114 shares, a decrease of 57.2% from the June 15th total of 14,292 shares. Based on an average trading volume of 4,773 shares, the days-to-cover ratio is presently 1.3 days. Approximately 7.6% of the company’s stock are short sold.

AdvisorShares Hotel ETF Price Performance

Shares of BEDZ stock traded up $0.05 on Thursday, hitting $36.87. The stock had a trading volume of 217 shares, compared to its average volume of 1,356. The business has a 50 day moving average of $35.57 and a 200 day moving average of $33.80. AdvisorShares Hotel ETF has a 12-month low of $30.45 and a 12-month high of $37.92. The stock has a market cap of $2.95 million, a price-to-earnings ratio of 16.44 and a beta of 1.10.

AdvisorShares Hotel ETF Company Profile

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.