Ranger Equity Bear ETF (NYSEARCA:HDGE) Sees Significant Decline in Short Interest

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 69,500 shares, a drop of 49.6% from the January 29th total of 137,865 shares. Based on an average trading volume of 69,427 shares, the short-interest ratio is currently 1.0 days. Approximately 2.0% of the shares of the stock are sold short. Approximately 2.0% of the shares of the stock are sold short. Based on an average trading volume of 69,427 shares, the short-interest ratio is currently 1.0 days.

Ranger Equity Bear ETF Price Performance

HDGE opened at $16.91 on Friday. The stock has a market cap of $57.83 million, a P/E ratio of 11.83 and a beta of -1.14. The stock’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $16.46. Ranger Equity Bear ETF has a 1-year low of $15.62 and a 1-year high of $19.93.

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.