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

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 25,821 shares, a growth of 21.3% from the February 12th total of 21,287 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 20,687 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 20,687 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the company’s shares are short sold.

Roundhill Sports Betting & iGaming ETF Price Performance

Roundhill Sports Betting & iGaming ETF stock opened at $18.19 on Wednesday. The firm has a market capitalization of $51.84 million, a P/E ratio of 22.62 and a beta of 1.35. Roundhill Sports Betting & iGaming ETF has a 1-year low of $16.73 and a 1-year high of $25.48. The company’s 50-day moving average is $18.65 and its 200 day moving average is $21.04.

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 purchased a new position in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,920 shares of the company’s stock, valued at approximately $258,000. Advisors Preferred LLC owned about 0.35% of Roundhill Sports Betting & iGaming ETF as of its most recent filing with the Securities and Exchange Commission.

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.