Ranger Equity Bear ETF (NYSEARCA:HDGE) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Ranger Equity Bear ETF (NYSEARCA:HDGE) passed 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 Performance

The company has a market cap of $60.39 million, a price-to-earnings ratio of 10.51 and a beta of -1.27. The business has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $19.35.

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.