Ranger Equity Bear ETF (NYSEARCA:HDGE) Short Interest Up 379.8% in May

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 179,173 shares, an increase of 379.8% from the April 30th total of 37,342 shares. Based on an average trading volume of 55,240 shares, the short-interest ratio is presently 3.2 days. Approximately 4.5% of the company’s shares are sold short.

Ranger Equity Bear ETF Stock Down 1.0%

Ranger Equity Bear ETF stock traded down $0.16 during trading hours on Friday, reaching $16.62. 75,476 shares of the company’s stock were exchanged, compared to its average volume of 159,542. The firm’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $16.89. Ranger Equity Bear ETF has a twelve month low of $15.62 and a twelve month high of $18.45. The firm has a market capitalization of $65.65 million, a PE ratio of 11.83 and a beta of -1.02.

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.