AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Up 17.8% in February

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient 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 trading volume of 375 shares, the short-interest ratio is presently 2.2 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 375 shares, the short-interest ratio is presently 2.2 days.

AdvisorShares Hotel ETF Stock Performance

NYSEARCA BEDZ remained flat at $32.00 during trading hours on Wednesday. 513 shares of the company’s stock traded hands, compared to its average volume of 1,336. The firm has a fifty day moving average of $32.91 and a 200 day moving average of $33.13. The stock has a market cap of $1.60 million, a P/E ratio of 16.44 and a beta of 1.16. AdvisorShares Hotel ETF has a one year low of $24.59 and a one year high of $35.45.

About AdvisorShares Hotel ETF

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.