Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Up 689.2% in December

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 45,828 shares, a growth of 689.2% from the November 30th total of 5,807 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 119,747 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 119,747 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.3% of the company’s shares are short sold.

Ranger Equity Bear ETF Trading Down 0.3%

NYSEARCA HDGE traded down $0.04 during trading hours on Thursday, hitting $15.87. 36,843 shares of the company’s stock were exchanged, compared to its average volume of 98,417. The firm has a market cap of $55.39 million, a price-to-earnings ratio of 11.83 and a beta of -1.14. The stock has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $16.62. Ranger Equity Bear ETF has a 1-year low of $15.39 and a 1-year high of $19.93.

About Ranger Equity Bear ETF

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.