Ranger Equity Bear ETF (NYSEARCA:HDGE) Stock Crosses Above 200-Day Moving Average of $21.62

Ranger Equity Bear ETF (NYSEARCA:HDGE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.62 and traded as high as $21.62. Ranger Equity Bear ETF shares last traded at $21.42, with a volume of 195,197 shares traded.

Ranger Equity Bear ETF Trading Down 0.2 %

The company has a market capitalization of $116.04 million, a PE ratio of 10.34 and a beta of -1.19. The business’s fifty day moving average is $20.15 and its two-hundred day moving average is $21.60.

Hedge Funds Weigh In On Ranger Equity Bear ETF

An institutional investor recently raised its position in Ranger Equity Bear ETF stock. Janney Montgomery Scott LLC increased its position in Ranger Equity Bear ETF (NYSEARCA:HDGE) by 61.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,999 shares of the exchange traded fund’s stock after acquiring an additional 74,385 shares during the period. Janney Montgomery Scott LLC owned about 3.60% of Ranger Equity Bear ETF worth $4,569,000 at the end of the most recent reporting period.

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.