Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Update

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 71,111 shares, a decrease of 38.8% from the June 15th total of 116,166 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 49,165 shares, the short-interest ratio is currently 1.4 days.

Ranger Equity Bear ETF Stock Performance

Shares of Ranger Equity Bear ETF stock opened at $15.90 on Thursday. The stock has a market capitalization of $63.60 million, a PE ratio of 11.83 and a beta of -1.00. Ranger Equity Bear ETF has a 52 week low of $15.60 and a 52 week high of $18.45. The stock has a 50 day moving average price of $16.66 and a two-hundred day moving average price of $16.82.

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.