Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Up 190.4% in January

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 151,602 shares, an increase of 190.4% from the December 31st total of 52,205 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average trading volume of 60,237 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 60,237 shares, the days-to-cover ratio is presently 2.5 days. Approximately 4.4% of the company’s shares are sold short.

Ranger Equity Bear ETF Stock Down 0.7%

NYSEARCA HDGE opened at $16.42 on Friday. Ranger Equity Bear ETF has a 52 week low of $15.53 and a 52 week high of $19.93. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $16.47. The firm has a market cap of $55.34 million, a PE ratio of 11.83 and a beta of -1.14.

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.