Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Sees Significant Decrease in Short Interest

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 11,875 shares, a decline of 54.0% from the February 26th total of 25,821 shares. Based on an average daily volume of 11,352 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

Roundhill Sports Betting & iGaming ETF Stock Performance

Shares of BETZ traded down $0.31 during mid-day trading on Friday, reaching $17.35. The stock had a trading volume of 5,029 shares, compared to its average volume of 16,675. The business has a fifty day moving average of $18.29 and a 200 day moving average of $20.71. The firm has a market cap of $49.45 million, a price-to-earnings ratio of 22.62 and a beta of 1.35. Roundhill Sports Betting & iGaming ETF has a 12 month low of $16.73 and a 12 month high of $25.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roundhill Sports Betting & iGaming ETF stock. Advisors Preferred LLC acquired a new position in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 at the end of the most recent reporting period.

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.