Short Interest in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Expands By 1,000.6%

AdvisorShares Restaurant ETF (NYSEARCA:EATZ) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 21,726 shares, a growth of 1,000.6% from the December 31st total of 1,974 shares. Based on an average trading volume of 2,289 shares, the days-to-cover ratio is currently 9.5 days. Currently, 19.8% of the company’s stock are sold short. Currently, 19.8% of the company’s stock are sold short. Based on an average trading volume of 2,289 shares, the days-to-cover ratio is currently 9.5 days.

AdvisorShares Restaurant ETF Stock Performance

Shares of EATZ stock traded down $0.12 on Wednesday, hitting $27.30. The stock had a trading volume of 205 shares, compared to its average volume of 2,334. The stock’s 50 day moving average is $26.76 and its 200-day moving average is $27.36. The firm has a market capitalization of $3.00 million, a price-to-earnings ratio of 21.39 and a beta of 1.04. AdvisorShares Restaurant ETF has a 52-week low of $24.19 and a 52-week high of $31.61.

About AdvisorShares Restaurant ETF

The AdvisorShares Restaurant ETF (EATZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively-managed fund of US-listed companies that derive at least 50% of their net revenue from the restaurant business. EATZ was launched on Apr 20, 2021 and is managed by AdvisorShares.