Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Up 58.2% in July

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 113,654 shares, an increase of 58.2% from the July 15th total of 71,843 shares. Based on an average daily volume of 83,610 shares, the short-interest ratio is currently 1.4 days. Currently, 3.0% of the shares of the company are short sold.

Ranger Equity Bear ETF Stock Down 2.3%

Ranger Equity Bear ETF stock opened at $14.14 on Thursday. The stock has a market cap of $52.88 million, a P/E ratio of 11.83 and a beta of -1.00. Ranger Equity Bear ETF has a twelve month low of $13.98 and a twelve month high of $18.45. The company’s 50-day moving average price is $15.66 and its two-hundred day moving average price is $16.63.

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.