AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Short Interest Down 57.2% in June

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 6,114 shares, a decline of 57.2% from the June 15th total of 14,292 shares. Approximately 7.6% of the shares of the company are short sold. Based on an average daily volume of 4,773 shares, the short-interest ratio is currently 1.3 days.

AdvisorShares Hotel ETF Stock Performance

Shares of NYSEARCA BEDZ remained flat at $35.98 during trading hours on Tuesday. The company had a trading volume of 709 shares, compared to its average volume of 1,383. AdvisorShares Hotel ETF has a twelve month low of $30.45 and a twelve month high of $37.92. The company has a market capitalization of $2.88 million, a P/E ratio of 16.44 and a beta of 1.10. The stock has a fifty day moving average price of $35.47 and a two-hundred day moving average price of $33.76.

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.