Ranger Equity Bear ETF (NYSEARCA:HDGE) Stock Short Interest Falls 57.4%

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a large decline in short interest in 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 stock are short sold. Based on an average daily trading volume, of 122,503 shares, the days-to-cover ratio is presently 0.3 days.

Ranger Equity Bear ETF Price Performance

HDGE traded up $0.02 during midday trading on Tuesday, hitting $15.38. 174,729 shares of the company’s stock traded hands, compared to its average volume of 121,425. The company has a market cap of $56.29 million, a PE ratio of 11.83 and a beta of -1.03. The stock’s fifty day simple moving average is $14.65 and its 200-day simple moving average is $15.97. Ranger Equity Bear ETF has a one year low of $13.77 and a one year high of $18.45.

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.