AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Update

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 659 shares, a decrease of 27.7% from the March 31st total of 912 shares. Based on an average trading volume of 356 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.3% of the shares of the stock are sold short.

AdvisorShares Hotel ETF Stock Performance

Shares of BEDZ stock traded down $0.05 during trading hours on Friday, reaching $33.75. The company had a trading volume of 106 shares, compared to its average volume of 913. The stock has a fifty day moving average of $32.42 and a 200-day moving average of $32.79. The company has a market capitalization of $1.69 million, a price-to-earnings ratio of 16.44 and a beta of 1.12. AdvisorShares Hotel ETF has a 12-month low of $28.43 and a 12-month 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.