AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Up 71.9% in January

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 617 shares, a growth of 71.9% from the January 15th total of 359 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 711 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 711 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.2% of the company’s shares are sold short.

AdvisorShares Hotel ETF Price Performance

Shares of NYSEARCA:BEDZ traded down $0.43 on Friday, hitting $32.40. 621 shares of the company’s stock were exchanged, compared to its average volume of 1,694. The stock has a market capitalization of $1.62 million, a price-to-earnings ratio of 16.44 and a beta of 1.16. AdvisorShares Hotel ETF has a 12 month low of $24.59 and a 12 month high of $35.45. The business’s 50 day simple moving average is $33.50 and its two-hundred day simple moving average is $33.25.

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.