Ranger Equity Bear ETF (NYSEARCA:HDGE) Stock Price Passes Above 200 Day Moving Average of $21.62

Ranger Equity Bear ETF (NYSEARCA:HDGE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.62 and traded as high as $21.62. Ranger Equity Bear ETF shares last traded at $21.42, with a volume of 195,197 shares changing hands.

Ranger Equity Bear ETF Stock Performance

The stock has a market capitalization of $116.10 million, a price-to-earnings ratio of 10.34 and a beta of -1.19. The company’s 50 day moving average is $20.15 and its 200 day moving average is $21.62.

Hedge Funds Weigh In On Ranger Equity Bear ETF

An institutional investor recently raised its position in Ranger Equity Bear ETF stock. Janney Montgomery Scott LLC grew its holdings in Ranger Equity Bear ETF (NYSEARCA:HDGE) by 61.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,999 shares of the exchange traded fund’s stock after buying an additional 74,385 shares during the quarter. Janney Montgomery Scott LLC owned 3.60% of Ranger Equity Bear ETF worth $4,569,000 as of its most recent filing with the SEC.

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.