Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Sees Large Decline in Short Interest

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 11,875 shares, a decline of 54.0% from the February 26th total of 25,821 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 11,352 shares, the short-interest ratio is currently 1.0 days.

Roundhill Sports Betting & iGaming ETF Trading Down 2.9%

NYSEARCA:BETZ traded down $0.53 during mid-day trading on Thursday, hitting $17.66. 28,245 shares of the company’s stock traded hands, compared to its average volume of 16,877. The firm has a 50 day moving average of $18.39 and a two-hundred day moving average of $20.79. Roundhill Sports Betting & iGaming ETF has a 12 month low of $16.73 and a 12 month high of $25.48. The firm has a market capitalization of $50.33 million, a price-to-earnings ratio of 22.62 and a beta of 1.35.

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 position in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,920 shares of the company’s stock, valued at approximately $258,000. Advisors Preferred LLC owned approximately 0.35% of Roundhill Sports Betting & iGaming ETF at the end of the most recent reporting period.

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.