Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Rises By 71.9%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 617 shares, a growth of 71.9% from the January 15th total of 359 shares. Based on an average trading volume of 711 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 711 shares, the days-to-cover ratio is currently 0.9 days.

AdvisorShares Hotel ETF Price Performance

Shares of BEDZ traded down $0.43 during trading hours on Friday, reaching $32.40. 621 shares of the company’s stock traded hands, compared to its average volume of 1,694. AdvisorShares Hotel ETF has a twelve month low of $24.59 and a twelve month high of $35.45. The business’s fifty day simple moving average is $33.50 and its two-hundred day simple moving average is $33.25. The firm has a market capitalization of $1.62 million, a price-to-earnings ratio of 16.44 and a beta of 1.16.

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.