AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Sees Large Drop in Short Interest

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 6,114 shares, a drop of 57.2% from the June 15th total of 14,292 shares. Currently, 7.6% of the shares of the stock are short sold. Based on an average trading volume of 4,773 shares, the short-interest ratio is currently 1.3 days.

AdvisorShares Hotel ETF Stock Performance

BEDZ remained flat at $35.98 during trading on Tuesday. 709 shares of the company’s stock traded hands, compared to its average volume of 1,383. AdvisorShares Hotel ETF has a 1-year low of $30.45 and a 1-year high of $37.92. The firm has a market cap of $2.88 million, a P/E ratio of 16.44 and a beta of 1.10. The business’s fifty day moving average is $35.47 and its 200 day moving average is $33.76.

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.