Short Interest in AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) Declines By 83.9%

AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,964 shares, a decline of 83.9% from the July 15th total of 12,204 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 8,677 shares, the days-to-cover ratio is currently 0.2 days.

AdvisorShares HVAC and Industrials ETF Stock Performance

Shares of AdvisorShares HVAC and Industrials ETF stock traded down $0.13 during trading hours on Thursday, reaching $37.07. The company’s stock had a trading volume of 19,935 shares, compared to its average volume of 8,860. AdvisorShares HVAC and Industrials ETF has a one year low of $29.31 and a one year high of $43.41. The company has a market capitalization of $15.20 million, a P/E ratio of 20.77 and a beta of 1.34. The stock’s fifty day simple moving average is $38.20 and its two-hundred day simple moving average is $37.63.

Hedge Funds Weigh In On AdvisorShares HVAC and Industrials ETF

A hedge fund recently bought a new position in AdvisorShares HVAC and Industrials ETF stock. Susquehanna International Group LLP acquired a new position in shares of AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,159 shares of the company’s stock, valued at approximately $220,000. Susquehanna International Group LLP owned approximately 6.51% of AdvisorShares HVAC and Industrials ETF as of its most recent filing with the Securities and Exchange Commission.

About AdvisorShares HVAC and Industrials ETF

The AdvisorShares HVAC and Industrials ETF (HVAC) is an exchange-traded fund that mostly invests in industrials equity. The fund is actively managed, seeking long-term capital appreciation through investments in US companies within the heating, ventilation, and air conditioning (HVAC) industry and broader industrial sector. The funds advisor considers companies for either growth or value opportunities HVAC was launched on Feb 3, 2025 and is issued by AdvisorShares.