HDGE

AdvisorShares Ranger Equity Bear ETF
*Unless otherwise stated, data provided by FactSet.

HDGE Fund Description

The AdvisorShares Ranger Equity Bear attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies.

HDGE Factset Analytics Insight

HDGE uses a combination of quantitative and fundamental factors to build a portfolio of short interests in US-listed stocks. Because shorting stocks is an expensive endeavor—one must pay interest and dividends on the borrowed shares—HDGE's fee is extremely high. (Such expenses don’t show up in headline fee of some vanilla inverse funds but still flow through to the bottom line.) The fund aims to pick the firms with low earnings quality or aggressive accounting practices and profit when the market prices adjust to the reality of these distortions. A long bull market is a tough climate for short-only strategy, and returns show it. The fund trades in sizable volumes but spreads can be high. Nevertheless, despite lackluster performance, HDGE still enjoys a solid asset base. Investors looking for better liquidity and lower headline fees can consider a 'vanilla' inverse equity fund like SH.

HDGE CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
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Select ETFs to compare their performance:
PERFORMANCE [as of 06/14/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HDGE -5.02% -2.76% -1.15% -9.88% -10.15% -13.68% --
HDGE (NAV) -5.29% -2.79% -1.62% -10.05% -10.23% -13.73% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HDGE Summary Data

01/26/11
Open-Ended Fund
2.86%
$133.22M
0.22%

HDGE Portfolio Data

0.00%
12/27/18

HDGE Index Data

No Underlying Index
Proprietary
Proprietary
N/A

HDGE Fund Structure

No
No
No Policy
N/A
N/A
Low
-1
None

HDGE Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HDGE Factset Analytics Block Liquidity

As of 06/15/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HDGE. HDGE is rated a 5 out of 5.

HDGE Tradability

210,464
$1.72M
134,365
$1.10M
0.22%
$0.02
0.05%
0.28% / -0.32%
None
0.00%
25,000
5.37
0.26%
0.02%
1,571
$7.74
5