Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Expands By 17.8%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 840 shares, a growth of 17.8% from the February 12th total of 713 shares. Based on an average trading volume of 375 shares, the short-interest ratio is presently 2.2 days. Approximately 1.7% of the company’s shares are short sold. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 375 shares, the short-interest ratio is presently 2.2 days.

AdvisorShares Hotel ETF Stock Up 1.5%

Shares of BEDZ stock traded up $0.47 during mid-day trading on Monday, reaching $31.62. The company’s stock had a trading volume of 1,021 shares, compared to its average volume of 1,352. The firm has a market capitalization of $1.58 million, a PE ratio of 16.44 and a beta of 1.16. The company’s 50 day simple moving average is $33.00 and its 200-day simple moving average is $33.18. AdvisorShares Hotel ETF has a 12-month low of $24.59 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.