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The Fund is an actively managed ETF. HDGE implements a fundamental, research driven security selection process based on forensic accounting techniques that short sell U.S. listed equities. HDGE seeks to identify securities with low earnings quality or aggressive accounting designed to bolster short-term corporate performance and may exhibit above-average downside volatility. HDGE may be used to hedge volatility and risk for similar long equity exposure, seeking positive returns in a declining equity market. Ranger Alternative Management, L.P. (the SubAdvisor) seeks to achieve the Fund's investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, ETFs, exchange-traded notes (ETNs), and other exchange-traded products (collectively with ETFs and ETNs, ETPs). Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities.
Advisorshares Ranger Equity Bear ETF trades on the ARCA stock market under the symbol HDGE.
As of December 22, 2025, HDGE stock price declined to $15.80 with 79,369 million shares trading.
HDGE has a beta of -0.89, meaning it tends to be less sensitive to market movements. HDGE has a correlation of 0.60 to the broad based SPY ETF.
HDGE has a market cap of $55.73 million. This is considered a Micro Cap stock.
In the last 3 years, HDGE traded as high as $29.81 and as low as $15.39.
HDGE has underperformed the market in the last year with a price return of -3.7% while the SPY ETF gained +18.8%. HDGE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.2% and -4.5%, respectively, while the SPY returned +3.5% and +0.2%, respectively.
HDGE support price is $15.69 and resistance is $16.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HDGE shares will trade within this expected range on the day.
