Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Expands By 17.8%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 840 shares, a growth of 17.8% from the February 12th total of 713 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 375 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 375 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.7% of the shares of the company are sold short.

AdvisorShares Hotel ETF Price Performance

Shares of NYSEARCA BEDZ traded up $0.47 during mid-day trading on Monday, hitting $31.62. The company had a trading volume of 1,021 shares, compared to its average volume of 1,352. AdvisorShares Hotel ETF has a 12 month low of $24.59 and a 12 month high of $35.45. The stock has a market cap of $1.58 million, a price-to-earnings ratio of 16.44 and a beta of 1.16. The firm’s 50 day simple moving average is $33.00 and its two-hundred day simple moving average is $33.18.

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.