Ranger Equity Bear ETF (NYSEARCA:HDGE) Stock Passes Above 200-Day Moving Average of $20.43

Ranger Equity Bear ETF (NYSEARCA:HDGE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.43 and traded as high as $21.06. Ranger Equity Bear ETF shares last traded at $20.91, with a volume of 40,833 shares changing hands.

Ranger Equity Bear ETF Stock Performance

The company has a market capitalization of $74.86 million, a P/E ratio of 10.51 and a beta of -1.27. The firm’s fifty day moving average is $20.82 and its 200-day moving average is $20.43.

Institutional Investors Weigh In On Ranger Equity Bear ETF

An institutional investor recently raised its position in Ranger Equity Bear ETF stock. Vanguard Capital Wealth Advisors raised its holdings in Ranger Equity Bear ETF (NYSEARCA:HDGE) by 11.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 48,880 shares of the exchange traded fund’s stock after acquiring an additional 5,023 shares during the quarter. Vanguard Capital Wealth Advisors owned approximately 0.90% of Ranger Equity Bear ETF worth $958,000 as of its most recent SEC filing.

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.