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

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 71,111 shares, a drop of 38.8% from the June 15th total of 116,166 shares. Based on an average daily volume of 49,165 shares, the short-interest ratio is currently 1.4 days. Currently, 1.8% of the company’s stock are sold short.

Ranger Equity Bear ETF Stock Performance

Ranger Equity Bear ETF stock opened at $15.90 on Thursday. Ranger Equity Bear ETF has a fifty-two week low of $15.60 and a fifty-two week high of $18.45. The firm’s 50-day simple moving average is $16.66 and its 200 day simple moving average is $16.82. The stock has a market cap of $63.60 million, a PE ratio of 11.83 and a beta of -1.00.

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.