Short Interest in Ranger Equity Bear ETF (NYSEARCA:HDGE) Grows By 58.2%

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 113,654 shares, a growth of 58.2% from the July 15th total of 71,843 shares. Based on an average daily volume of 83,610 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.0% of the company’s stock are short sold.

Ranger Equity Bear ETF Trading Up 0.6%

Shares of Ranger Equity Bear ETF stock opened at $14.47 on Wednesday. The stock has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $16.65. Ranger Equity Bear ETF has a 12-month low of $13.98 and a 12-month high of $18.45. The company has a market capitalization of $54.12 million, a P/E ratio of 11.83 and a beta of -1.00.

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.