Ranger Equity Bear ETF (NYSEARCA:HDGE) Sees Significant Increase in Short Interest

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

Ranger Equity Bear ETF Stock Down 2.2%

NYSEARCA HDGE opened at $17.30 on Tuesday. The stock’s 50-day simple moving average is $17.40 and its two-hundred day simple moving average is $16.81. Ranger Equity Bear ETF has a twelve month low of $15.62 and a twelve month high of $19.68. The company has a market capitalization of $80.45 million, a price-to-earnings ratio of 11.83 and a beta of -1.04.

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.