Ranger Equity Bear ETF (NYSEARCA:HDGE) Sees Large Decrease in Short Interest

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 97,861 shares, a drop of 36.5% from the August 31st total of 154,134 shares. Based on an average trading volume of 110,356 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the shares of the company are sold short.

Ranger Equity Bear ETF Trading Down 0.3%

NYSEARCA HDGE traded down $0.05 during trading on Thursday, reaching $15.66. The company’s stock had a trading volume of 603 shares, compared to its average volume of 122,258. The firm has a 50 day moving average price of $14.63 and a 200 day moving average price of $16.12. Ranger Equity Bear ETF has a 12 month low of $13.77 and a 12 month high of $18.45. The firm has a market capitalization of $59.66 million, a price-to-earnings ratio of 11.83 and a beta of -1.01.

Ranger Equity Bear ETF Company Profile

The AdvisorShares Ranger Equity Bear ETF (HDGE) is an exchange-traded fund that is based on the MSCI World index. The fund is actively-managed fund that attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies. HDGE was launched on Jan 26, 2011 and is managed by AdvisorShares.