Ranger Equity Bear ETF (NYSEARCA:HDGE – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 41,702 shares, a drop of 57.4% from the September 15th total of 97,861 shares. Based on an average daily trading volume, of 122,503 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the shares of the stock are short sold.
Ranger Equity Bear ETF Price Performance
NYSEARCA:HDGE traded down $0.43 during trading hours on Thursday, hitting $15.13. The company’s stock had a trading volume of 37,985 shares, compared to its average volume of 120,836. The company has a market capitalization of $55.38 million, a P/E ratio of 11.83 and a beta of -1.03. Ranger Equity Bear ETF has a twelve month low of $13.77 and a twelve month high of $18.45. The stock has a fifty day simple moving average of $14.70 and a 200-day simple moving average of $15.92.
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.
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