Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Shares Down 2.7% – What’s Next?

Shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) fell 2.7% on Tuesday . The stock traded as low as $22.61 and last traded at $22.65. 16,121 shares were traded during trading, a decline of 3% from the average session volume of 16,546 shares. The stock had previously closed at $23.28.

Roundhill Sports Betting & iGaming ETF Price Performance

The firm has a 50 day moving average of $24.41 and a two-hundred day moving average of $22.44. The stock has a market cap of $77.01 million, a PE ratio of 22.62 and a beta of 1.41.

Institutional Investors Weigh In On Roundhill Sports Betting & iGaming ETF

An institutional investor recently raised its position in Roundhill Sports Betting & iGaming ETF stock. Flow Traders U.S. LLC increased its holdings in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,556 shares of the company’s stock after purchasing an additional 14,687 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.08% of Roundhill Sports Betting & iGaming ETF worth $1,383,000 at the end of the most recent quarter.

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.