Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Down 38.8% in June

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 71,111 shares, a drop of 38.8% from the June 15th total of 116,166 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 49,165 shares, the days-to-cover ratio is presently 1.4 days.

Ranger Equity Bear ETF Price Performance

Ranger Equity Bear ETF stock traded up $0.16 during midday trading on Friday, reaching $15.73. 22,467 shares of the company traded hands, compared to its average volume of 136,080. The firm has a market capitalization of $62.92 million, a price-to-earnings ratio of 11.83 and a beta of -1.00. The business has a 50 day moving average of $16.64 and a two-hundred day moving average of $16.82. Ranger Equity Bear ETF has a 12 month low of $15.52 and a 12 month high of $18.45.

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.