Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Update

Ranger Equity Bear ETF (NYSEARCA:HDGEGet Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 71,111 shares, a decline of 38.8% from the June 15th total of 116,166 shares. Based on an average daily volume of 49,165 shares, the short-interest ratio is presently 1.4 days. Approximately 1.8% of the company’s stock are short sold.

Ranger Equity Bear ETF Trading Up 1.1%

Shares of NYSEARCA:HDGE opened at $15.74 on Friday. The stock has a market capitalization of $62.49 million, a PE ratio of 11.83 and a beta of -1.00. Ranger Equity Bear ETF has a 1 year low of $15.52 and a 1 year high of $18.45. The firm has a fifty day moving average price of $16.62 and a 200 day moving average price of $16.81.

Ranger Equity Bear ETF Company Profile

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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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