AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Sees Large Increase in Short Interest

AdvisorShares Restaurant ETF (NYSEARCA:EATZ) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,100 shares, an increase of 175.0% from the September 30th total of 400 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the shares of the company are short sold.

AdvisorShares Restaurant ETF Price Performance

Shares of EATZ opened at $25.58 on Friday. The firm has a market cap of $3.07 million, a PE ratio of 21.39 and a beta of 1.04. The stock’s fifty day moving average price is $27.57 and its two-hundred day moving average price is $28.36. AdvisorShares Restaurant ETF has a 1 year low of $24.28 and a 1 year high of $31.61.

About AdvisorShares Restaurant ETF

The AdvisorShares Restaurant ETF (EATZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively-managed fund of US-listed companies that derive at least 50% of their net revenue from the restaurant business. EATZ was launched on Apr 20, 2021 and is managed by AdvisorShares.