Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Grows By 160.0%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 754 shares, an increase of 160.0% from the December 15th total of 290 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 8,771 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 8,771 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.8% of the company’s shares are sold short.

AdvisorShares Hotel ETF Stock Performance

AdvisorShares Hotel ETF stock opened at $33.48 on Friday. The company has a market capitalization of $3.35 million, a price-to-earnings ratio of 16.44 and a beta of 1.16. AdvisorShares Hotel ETF has a 1 year low of $24.59 and a 1 year high of $35.45. The company’s 50 day simple moving average is $33.24 and its 200-day simple moving average is $33.31.

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.