Ranger Equity Bear ETF (NYSEARCA:HDGE) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Ranger Equity Bear ETF (NYSEARCA:HDGE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.39 and traded as low as $16.87. Ranger Equity Bear ETF shares last traded at $16.95, with a volume of 31,313 shares changing hands.

Ranger Equity Bear ETF Stock Up 0.1 %

The business has a fifty day moving average of $18.22 and a 200 day moving average of $19.39. The firm has a market cap of $60.66 million, a P/E ratio of 10.51 and a beta of -1.27.

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.