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

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 151,602 shares, a growth of 190.4% from the December 31st total of 52,205 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average trading volume of 60,237 shares, the days-to-cover ratio is currently 2.5 days. Based on an average trading volume of 60,237 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.4% of the company’s stock are short sold.

Ranger Equity Bear ETF Trading Down 0.7%

HDGE opened at $16.42 on Friday. The firm has a market cap of $55.34 million, a price-to-earnings ratio of 11.83 and a beta of -1.14. Ranger Equity Bear ETF has a 12 month low of $15.53 and a 12 month high of $19.93. The stock has a fifty day moving average price of $16.27 and a 200-day moving average price of $16.47.

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.