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

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 14,292 shares, an increase of 2,606.8% from the May 31st total of 528 shares. Currently, 28.6% of the shares of the stock are sold short. Based on an average daily volume of 3,593 shares, the short-interest ratio is presently 4.0 days.

AdvisorShares Hotel ETF Stock Performance

Shares of BEDZ opened at $37.13 on Friday. AdvisorShares Hotel ETF has a 52 week low of $30.45 and a 52 week high of $37.62. The stock has a market capitalization of $1.86 million, a price-to-earnings ratio of 16.44 and a beta of 1.11. The stock has a fifty day moving average of $34.77 and a 200-day moving average of $33.52.

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.