Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Sees Large Decline in Short Interest

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 11,875 shares, a decrease of 54.0% from the February 26th total of 25,821 shares. Based on an average daily trading volume, of 11,352 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Roundhill Sports Betting & iGaming ETF

A hedge fund recently bought a new stake in Roundhill Sports Betting & iGaming ETF stock. Advisors Preferred LLC acquired a new stake in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,920 shares of the company’s stock, valued at approximately $258,000. Advisors Preferred LLC owned approximately 0.35% of Roundhill Sports Betting & iGaming ETF at the end of the most recent quarter.

Roundhill Sports Betting & iGaming ETF Stock Performance

Shares of NYSEARCA:BETZ traded down $0.53 during midday trading on Thursday, reaching $17.66. 28,245 shares of the company’s stock were exchanged, compared to its average volume of 16,877. The company’s 50 day simple moving average is $18.39 and its two-hundred day simple moving average is $20.79. Roundhill Sports Betting & iGaming ETF has a 12 month low of $16.73 and a 12 month high of $25.48. The firm has a market capitalization of $50.33 million, a PE ratio of 22.62 and a beta of 1.35.

About Roundhill Sports Betting & iGaming ETF

The Roundhill Sports Betting & iGaming ETF (BETZ) is an exchange-traded fund that is based on the Roundhill Sports Betting & iGaming index. The fund tracks a tier-weighted index of global companies selected by committee that are involved in the sports betting & iGaming industry. BETZ was launched on Jun 4, 2020 and is managed by Roundhill.