AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Up 2,606.8% in June

AdvisorShares Hotel ETF (NYSEARCA:BEDZ – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,292 shares, a growth of 2,606.8% from the May 31st total of 528 shares. Based on an average daily trading volume, of 3,593 shares, the short-interest ratio is currently 4.0 days. Currently, 28.6% of the company’s shares are sold short.

AdvisorShares Hotel ETF Stock Down 0.3%

AdvisorShares Hotel ETF stock traded down $0.10 during mid-day trading on Thursday, hitting $37.13. 800 shares of the company’s stock were exchanged, compared to its average volume of 1,361. The company’s 50 day simple moving average is $34.77 and its 200-day simple moving average is $33.52. The firm has a market capitalization of $1.86 million, a P/E ratio of 16.44 and a beta of 1.11. AdvisorShares Hotel ETF has a fifty-two week low of $30.45 and a fifty-two week high of $37.62.

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About AdvisorShares Hotel ETF

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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.

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