Short Interest in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Increases By 1,000.6%

AdvisorShares Restaurant ETF (NYSEARCA:EATZ) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 21,726 shares, an increase of 1,000.6% from the December 31st total of 1,974 shares. Based on an average daily volume of 2,289 shares, the short-interest ratio is presently 9.5 days. Currently, 19.8% of the shares of the stock are short sold. Currently, 19.8% of the shares of the stock are short sold. Based on an average daily volume of 2,289 shares, the short-interest ratio is presently 9.5 days.

AdvisorShares Restaurant ETF Price Performance

Shares of NYSEARCA EATZ traded down $0.22 during mid-day trading on Wednesday, hitting $27.20. 1,172 shares of the stock traded hands, compared to its average volume of 2,387. The company has a market cap of $2.99 million, a PE ratio of 21.39 and a beta of 1.04. AdvisorShares Restaurant ETF has a twelve month low of $24.19 and a twelve month high of $31.61. The firm has a 50 day simple moving average of $26.76 and a two-hundred day simple moving average of $27.36.

AdvisorShares Restaurant ETF Company Profile

The AdvisorShares Restaurant ETF (EATZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively-managed fund of US-listed companies that derive at least 50% of their net revenue from the restaurant business. EATZ was launched on Apr 20, 2021 and is managed by AdvisorShares.