AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Down 33.6% in July

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,059 shares, a drop of 33.6% from the June 30th total of 6,114 shares. Based on an average daily volume of 746 shares, the short-interest ratio is currently 5.4 days. Approximately 5.1% of the company’s shares are short sold.

AdvisorShares Hotel ETF Trading Down 0.1%

NYSEARCA:BEDZ traded down $0.05 during trading hours on Friday, hitting $37.33. 913 shares of the stock traded hands, compared to its average volume of 1,380. The firm has a 50 day moving average price of $36.44 and a 200 day moving average price of $34.07. The firm has a market cap of $2.99 million, a price-to-earnings ratio of 16.44 and a beta of 1.10. AdvisorShares Hotel ETF has a fifty-two week low of $30.45 and a fifty-two week high of $38.31.

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.