AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) Sees Significant Increase in Short Interest

AdvisorShares HVAC and Industrials ETF (NYSEARCA:HVAC) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,200 shares, a growth of 300.0% from the September 30th total of 300 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is currently 0.3 days. Approximately 1.1% of the shares of the stock are short sold.

AdvisorShares HVAC and Industrials ETF Stock Down 0.1%

NYSEARCA HVAC opened at $32.67 on Wednesday. The stock’s 50-day simple moving average is $30.79 and its two-hundred day simple moving average is $28.22. AdvisorShares HVAC and Industrials ETF has a twelve month low of $20.01 and a twelve month high of $33.23. The company has a market capitalization of $3.59 million, a price-to-earnings ratio of 20.77 and a beta of 2.10.

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.