Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Grows By 2,606.8%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 14,292 shares, a growth of 2,606.8% from the May 31st total of 528 shares. Approximately 28.6% of the company’s stock are short sold. Based on an average trading volume of 3,593 shares, the short-interest ratio is presently 4.0 days.

AdvisorShares Hotel ETF Stock Down 0.3%

Shares of BEDZ traded down $0.10 during mid-day trading on Thursday, hitting $37.13. 800 shares of the company’s stock were exchanged, compared to its average volume of 1,361. The stock has a market cap of $1.86 million, a price-to-earnings ratio of 16.44 and a beta of 1.11. The firm has a fifty day moving average of $34.77 and a two-hundred day moving average of $33.52. AdvisorShares Hotel ETF has a twelve month low of $30.45 and a twelve month high of $37.62.

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.