AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Sees Significant Decline in Short Interest

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 4,059 shares, a decrease of 33.6% from the June 30th total of 6,114 shares. Based on an average trading volume of 746 shares, the days-to-cover ratio is presently 5.4 days. Approximately 5.1% of the company’s stock are short sold.

AdvisorShares Hotel ETF Stock Performance

Shares of BEDZ stock opened at $37.33 on Friday. The company has a market capitalization of $2.99 million, a price-to-earnings ratio of 16.44 and a beta of 1.10. The company has a 50-day simple moving average of $36.44 and a two-hundred day simple moving average of $34.07. AdvisorShares Hotel ETF has a 52-week low of $30.45 and a 52-week high of $38.31.

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.