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

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 90,315 shares, an increase of 29.9% from the February 12th total of 69,500 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 116,279 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 116,279 shares, the short-interest ratio is presently 0.8 days. Currently, 2.6% of the company’s stock are short sold.

Ranger Equity Bear ETF Price Performance

HDGE opened at $17.87 on Tuesday. The business has a fifty day moving average price of $16.69 and a 200 day moving average price of $16.55. Ranger Equity Bear ETF has a 12 month low of $15.62 and a 12 month high of $19.93. The stock has a market capitalization of $61.12 million, a price-to-earnings ratio of 11.83 and a beta of -1.14.

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.