Ranger Equity Bear ETF (NYSEARCA:HDGE) Shares Shorted: Short Interest Down 57.4% in September

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 41,702 shares, a decline of 57.4% from the September 15th total of 97,861 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 122,503 shares, the days-to-cover ratio is presently 0.3 days.

Ranger Equity Bear ETF Stock Up 1.2%

HDGE stock traded up $0.18 during midday trading on Wednesday, reaching $15.56. The company’s stock had a trading volume of 88,369 shares, compared to its average volume of 121,257. The business’s 50-day simple moving average is $14.68 and its 200-day simple moving average is $15.94. Ranger Equity Bear ETF has a 52 week low of $13.77 and a 52 week high of $18.45. The stock has a market cap of $56.95 million, a PE ratio of 11.83 and a beta of -1.03.

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.