Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Short Interest Down 69.8% in May

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,683 shares, a drop of 69.8% from the April 30th total of 28,740 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 8,638 shares, the short-interest ratio is presently 1.0 days.

Roundhill Sports Betting & iGaming ETF Stock Performance

NYSEARCA:BETZ traded down $0.02 during mid-day trading on Friday, reaching $18.65. The stock had a trading volume of 12,859 shares, compared to its average volume of 13,529. The firm has a market capitalization of $48.86 million, a price-to-earnings ratio of 22.62 and a beta of 1.21. Roundhill Sports Betting & iGaming ETF has a twelve month low of $17.05 and a twelve month high of $25.48. The business has a 50 day simple moving average of $18.57 and a 200 day simple moving average of $19.37.

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 purchased a new stake in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) in the third quarter, according to its most recent filing with the SEC. The firm purchased 10,920 shares of the company’s stock, valued at approximately $258,000. Advisors Preferred LLC owned 0.35% of Roundhill Sports Betting & iGaming ETF at the end of the most recent quarter.

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.