AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Update

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 659 shares, a drop of 27.7% from the March 31st total of 912 shares. Based on an average daily volume of 356 shares, the short-interest ratio is currently 1.9 days. Approximately 1.3% of the company’s shares are short sold.

AdvisorShares Hotel ETF Price Performance

AdvisorShares Hotel ETF stock traded down $0.05 during midday trading on Friday, reaching $33.75. The stock had a trading volume of 106 shares, compared to its average volume of 913. The firm’s fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $32.79. AdvisorShares Hotel ETF has a twelve month low of $28.43 and a twelve month high of $35.45. The firm has a market cap of $1.69 million, a price-to-earnings ratio of 16.44 and a beta of 1.12.

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.