Ranger Equity Bear ETF (NYSEARCA:HDGE) Sees Large Decrease in Short Interest

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 97,861 shares, a decrease 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. Currently, 2.4% of the shares of the stock are short sold.

Ranger Equity Bear ETF Stock Down 0.3%

Shares of HDGE stock traded down $0.05 during trading hours on Thursday, reaching $15.66. The company’s stock had a trading volume of 603 shares, compared to its average volume of 122,258. Ranger Equity Bear ETF has a fifty-two week low of $13.77 and a fifty-two week high of $18.45. The firm’s 50 day simple moving average is $14.63 and its 200-day simple moving average is $16.12. The company has a market capitalization of $59.66 million, a price-to-earnings ratio of 11.83 and a beta of -1.01.

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.