AdvisorShares Ranger Equity Bear ETF Price & Performance (HDGE)

In response to heightened market volatility amid recent tariff escalations, the AdvisorShares Ranger Equity Bear ETF (HDGE) has seen increased attention. The fund, which specializes in shorting U.S. equities with weak fundamentals, reported a net asset value of $19.55 as of April 21, 2025, reflecting investor demand for downside protection.12

HDGE’s latest holdings reveal a diversified short portfolio targeting companies with perceived earnings quality issues, including Wayfair, Etsy, and Ford. The ETF’s managers use forensic accounting to identify stocks vulnerable to operational deterioration, aiming to capitalize on declines triggered by negative earnings events or revised guidance.13

Over the past month, HDGE posted a 5.14% return at NAV, outpacing the S&P 500’s -5.63% decline. This divergence underscores HDGE’s role as a hedge during market downturns, though its long-term performance remains negative. Investors are reminded that past results do not guarantee future returns, especially with active short strategies.14