Ranger Equity Bear ETF (NYSEARCA:HDGE) Shares Shorted: Short Interest Down 36.5% in September

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 97,861 shares, a drop of 36.5% from the August 31st total of 154,134 shares. Based on an average daily volume of 110,356 shares, the short-interest ratio is currently 0.9 days. Approximately 2.4% of the shares of the stock are sold short.

Ranger Equity Bear ETF Stock Performance

Shares of HDGE stock opened at $15.58 on Friday. The stock has a fifty day moving average price of $14.61 and a 200 day moving average price of $16.10. The stock has a market cap of $59.36 million, a PE ratio of 11.83 and a beta of -1.01. Ranger Equity Bear ETF has a 1 year low of $13.77 and a 1 year high of $18.45.

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.