Short Interest in Ranger Equity Bear ETF (NYSEARCA:HDGE) Expands By 57.0%

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 123,876 shares, an increase of 57.0% from the March 15th total of 78,906 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 244,158 shares, the short-interest ratio is currently 0.5 days.

Ranger Equity Bear ETF Stock Performance

NYSEARCA:HDGE traded down $0.18 during trading on Wednesday, reaching $16.95. The company’s stock had a trading volume of 66,244 shares, compared to its average volume of 193,121. The firm has a market cap of $78.82 million, a price-to-earnings ratio of 11.83 and a beta of -1.04. Ranger Equity Bear ETF has a 12 month low of $15.62 and a 12 month high of $19.68. The firm has a 50 day moving average of $17.41 and a 200-day moving average of $16.81.

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.