AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Down 52.4% in January

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 359 shares, a drop of 52.4% from the December 31st total of 754 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,736 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 3,736 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the stock are short sold.

AdvisorShares Hotel ETF Stock Performance

Shares of NYSEARCA:BEDZ opened at $32.26 on Thursday. The firm has a market cap of $1.61 million, a price-to-earnings ratio of 16.44 and a beta of 1.16. The firm has a fifty day moving average price of $33.36 and a 200 day moving average price of $33.31. AdvisorShares Hotel ETF has a fifty-two week low of $24.59 and a fifty-two week high of $35.45.

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.