AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Sees Large Growth in Short Interest

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 840 shares, an increase of 17.8% from the February 12th total of 713 shares. Based on an average daily volume of 375 shares, the short-interest ratio is currently 2.2 days. Currently, 1.7% of the shares of the stock are sold short. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 375 shares, the short-interest ratio is currently 2.2 days.

AdvisorShares Hotel ETF Price Performance

AdvisorShares Hotel ETF stock remained flat at $31.62 during mid-day trading on Tuesday. 1,021 shares of the company’s stock traded hands, compared to its average volume of 1,352. The firm has a market capitalization of $1.58 million, a PE 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 firm’s fifty day simple moving average is $32.95 and its two-hundred day simple moving average is $33.15.

AdvisorShares Hotel ETF Company Profile

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.