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 during 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. Based on an average daily trading volume, of 116,279 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.6% of the shares of the company are short sold. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 116,279 shares, the days-to-cover ratio is currently 0.8 days.

Ranger Equity Bear ETF Price Performance

Shares of NYSEARCA:HDGE traded down $0.10 during trading on Monday, reaching $17.87. The company had a trading volume of 48,942 shares, compared to its average volume of 152,627. The stock’s fifty day moving average price is $16.69 and its 200 day moving average price is $16.55. Ranger Equity Bear ETF has a fifty-two week low of $15.62 and a fifty-two week high of $19.93. The firm 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.