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

Ranger Equity Bear ETF (NYSEARCA:HDGE) was the target of a large increase in short interest during 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. Based on an average daily trading volume, of 60,237 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.4% of the shares of the stock are short sold. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 60,237 shares, the days-to-cover ratio is currently 2.5 days.

Ranger Equity Bear ETF Stock Up 1.0%

Ranger Equity Bear ETF stock opened at $16.49 on Thursday. The stock has a market cap of $56.56 million, a PE ratio of 11.83 and a beta of -1.14. Ranger Equity Bear ETF has a 12-month low of $15.53 and a 12-month high of $19.93. The business’s 50-day moving average price is $16.32 and its two-hundred day moving average price is $16.47.

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.