Short Interest in Ranger Equity Bear ETF (NYSEARCA:HDGE) Grows By 689.2%

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 45,828 shares, an increase of 689.2% from the November 30th total of 5,807 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 119,747 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 119,747 shares, the short-interest ratio is presently 0.4 days. Currently, 1.3% of the shares of the company are short sold.

Ranger Equity Bear ETF Price Performance

HDGE traded down $0.04 during trading on Wednesday, hitting $15.87. The stock had a trading volume of 36,843 shares, compared to its average volume of 98,417. The company has a 50 day moving average price of $16.72 and a 200-day moving average price of $16.62. Ranger Equity Bear ETF has a one year low of $15.39 and a one year high of $19.93. The firm has a market cap of $55.39 million, a price-to-earnings ratio of 11.83 and a beta of -1.14.

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.