Short Interest in AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Declines By 57.2%

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

AdvisorShares Hotel ETF Price Performance

Shares of BEDZ stock traded up $0.60 during trading on Wednesday, reaching $36.82. The company’s stock had a trading volume of 24 shares, compared to its average volume of 1,364. The company has a market capitalization of $2.95 million, a price-to-earnings ratio of 16.44 and a beta of 1.10. The stock’s 50-day moving average price is $35.57 and its 200 day moving average price is $33.80. AdvisorShares Hotel ETF has a 1-year low of $30.45 and a 1-year high of $37.92.

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.