AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Short Interest Down 95.0% in April

AdvisorShares Restaurant ETF (NYSEARCA:EATZ) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,091 shares, a drop of 95.0% from the April 15th total of 21,694 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 620 shares, the days-to-cover ratio is presently 1.8 days.

AdvisorShares Restaurant ETF Stock Performance

Shares of EATZ remained flat at $27.20 on Monday. The stock has a market capitalization of $2.18 million, a PE ratio of 21.39 and a beta of 1.28. The business’s 50-day moving average price is $26.75 and its 200-day moving average price is $26.71. AdvisorShares Restaurant ETF has a 52 week low of $24.19 and a 52 week high of $31.61.

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.