Ranger Equity Bear ETF (NYSEARCA:HDGE) Shares Shorted: Short Interest Down 36.5% in September

Ranger Equity Bear ETF (NYSEARCA:HDGE) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 97,861 shares, a decline of 36.5% from the August 31st total of 154,134 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 110,356 shares, the short-interest ratio is currently 0.9 days.

Ranger Equity Bear ETF Stock Performance

Ranger Equity Bear ETF stock traded up $0.01 during trading hours on Friday, reaching $15.55. 99,112 shares of the stock were exchanged, compared to its average volume of 122,190. Ranger Equity Bear ETF has a 52-week low of $13.77 and a 52-week high of $18.45. The firm’s 50 day moving average is $14.62 and its 200 day moving average is $16.10. The stock has a market cap of $59.25 million, a P/E ratio of 11.83 and a beta of -1.01.

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.