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

Ranger Equity Bear ETF (NYSEARCA:HDGE)’s share price crossed 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 firm has a 50 day simple moving average of $20.80 and a two-hundred day simple moving average of $20.43. The stock has a market cap of $73.78 million, a P/E ratio of 10.51 and a beta of -1.27.

Institutional Trading of Ranger Equity Bear ETF

An institutional investor recently raised its position in Ranger Equity Bear ETF stock. Vanguard Capital Wealth Advisors boosted its position in shares of Ranger Equity Bear ETF (NYSEARCA:HDGE) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,880 shares of the exchange traded fund’s stock after purchasing an additional 5,023 shares during the period. Vanguard Capital Wealth Advisors owned 0.90% of Ranger Equity Bear ETF worth $958,000 at the end of the most recent reporting period.

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.