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

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 179,173 shares, a growth of 379.8% from the April 30th total of 37,342 shares. Based on an average trading volume of 55,240 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.5% of the shares of the company are short sold.

Ranger Equity Bear ETF Stock Down 1.2%

Shares of HDGE stock opened at $16.78 on Friday. The company has a 50 day moving average price of $17.31 and a 200-day moving average price of $16.90. Ranger Equity Bear ETF has a 52 week low of $15.62 and a 52 week high of $18.45. The firm has a market capitalization of $66.28 million, a PE ratio of 11.83 and a beta of -1.02.

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.