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

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 28,740 shares, a growth of 177.9% from the April 15th total of 10,342 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 8,914 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On Roundhill Sports Betting & iGaming ETF

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

Roundhill Sports Betting & iGaming ETF Price Performance

Shares of NYSEARCA BETZ opened at $18.41 on Friday. Roundhill Sports Betting & iGaming ETF has a 1-year low of $17.05 and a 1-year high of $25.48. The business’s 50 day moving average is $18.52 and its two-hundred day moving average is $19.57. The stock has a market capitalization of $48.23 million, a P/E ratio of 22.62 and a beta of 1.21.

Roundhill Sports Betting & iGaming ETF Company Profile

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.