Short Interest in Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Decreases By 32.7%

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 7,995 shares, a drop of 32.7% from the March 15th total of 11,875 shares. Based on an average daily volume of 10,616 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Sports Betting & iGaming ETF stock. Advisors Preferred LLC bought a new stake in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,920 shares of the company’s stock, valued at approximately $258,000. Advisors Preferred LLC owned approximately 0.35% of Roundhill Sports Betting & iGaming ETF as of its most recent SEC filing.

Roundhill Sports Betting & iGaming ETF Stock Performance

Shares of NYSEARCA:BETZ traded up $0.45 during trading hours on Wednesday, hitting $19.16. The stock had a trading volume of 16,656 shares, compared to its average volume of 15,330. The stock’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $20.12. Roundhill Sports Betting & iGaming ETF has a 1-year low of $17.05 and a 1-year high of $25.48. The firm has a market capitalization of $52.12 million, a price-to-earnings ratio of 22.62 and a beta of 1.23.

About Roundhill Sports Betting & iGaming ETF

The Roundhill Sports Betting & iGaming ETF (BETZ) is an exchange-traded fund that is based on the Roundhill Sports Betting & iGaming index. The fund tracks a tier-weighted index of global companies selected by committee that are involved in the sports betting & iGaming industry. BETZ was launched on Jun 4, 2020 and is managed by Roundhill.