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

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 17,087 shares, an increase of 102.9% from the January 15th total of 8,422 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 17,762 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 17,762 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are short sold.

Roundhill Sports Betting & iGaming ETF Stock Down 2.8%

Shares of NYSEARCA BETZ opened at $17.65 on Friday. Roundhill Sports Betting & iGaming ETF has a 12 month low of $16.73 and a 12 month high of $25.48. The company has a market cap of $50.30 million, a price-to-earnings ratio of 22.62 and a beta of 1.35. The business has a fifty day simple moving average of $20.27 and a 200-day simple moving average of $22.10.

Institutional Investors Weigh In On Roundhill Sports Betting & iGaming ETF

An institutional investor recently bought a new position in Roundhill Sports Betting & iGaming ETF stock. Advisors Preferred LLC acquired a new position in Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

Roundhill Sports Betting & iGaming ETF Company Profile

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.