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

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

AdvisorShares Hotel ETF Trading Down 1.3%

Shares of NYSEARCA:BEDZ traded down $0.43 during midday trading on Friday, reaching $32.65. The company had a trading volume of 120 shares, compared to its average volume of 2,186. The stock has a market cap of $1.63 million, a P/E ratio of 16.44 and a beta of 1.16. The company’s 50 day moving average price is $33.40 and its 200 day moving average price is $33.30. AdvisorShares Hotel ETF has a 52-week low of $24.59 and a 52-week high of $35.45.

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.