Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Short Interest Up 177.9% in April

Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 28,740 shares, a growth of 177.9% from the April 15th total of 10,342 shares. Based on an average daily trading volume, of 8,914 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.1% of the shares of the company are sold short.

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 stake in shares of Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

Roundhill Sports Betting & iGaming ETF Price Performance

NYSEARCA:BETZ opened at $18.22 on Friday. The business has a fifty day simple moving average of $18.51 and a two-hundred day simple moving average of $19.56. Roundhill Sports Betting & iGaming ETF has a 1 year low of $17.05 and a 1 year high of $25.48. The company has a market capitalization of $47.74 million, a P/E ratio of 22.62 and a beta of 1.21.

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.