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Friday, October 2, 2026The Morning Brief →Sign in
HDGEAdvisorSharesACTIVE

AdvisorShares Ranger Equity Bear ETF

$15.54-1.08% vs prior close
13.9618.4452-WK

Price through Oct 1 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Oct 1. Holdings snapshot retrieved Oct 1.

The Sub-Advisor 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, ETNs and other exchange-traded products. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process.

Price & daily flows
17.4816.2014.9215.54DAILY NET FLOWOct 1Jan 30Jun 1Oct 1

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned -3.0% so far this year. At 3.45% a year it is not the cheapest way in — UJB has a reported fee of 0.96%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$75Massets under management
3.45%expense ratio · $345 per $10,000 a year
—net flow, trailing month
115Kavg daily volume, 30 days
69holdings · US-domiciled
2011listed January 27, 2011 · beta -0.74
Sector weights
Cash201.26%
Cash & Others191.53%
Other180.89%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other198.91%
Cash45.14%
Uruguay1.35%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+1.5%
1 month+8.7%
3 months-4.1%
6 months-15.1%
YTD-3.0%
1 year-4.9%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
16%realized volatility, 30 days (annualized)
20%realized volatility, 1 year
-24.3%deepest fall from a peak, 1 year
-15.7%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
16Kshares traded
The case against HDGE

Due diligence cuts both ways. These funds sit on the same shelf and beat HDGE on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16.3B+$489M-342bp on fee · 217× the assets · +$489M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$122.8B+$2.3B-340bp on fee · 1633× the assets · +$2.3B in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.7B+$575M-341bp on fee · 315× the assets · +$575M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.6B+$412M-341bp on fee · 247× the assets · +$412M in over the monthHead-to-head
MUB iShares National Muni Bond ETF0.05%$46B+$2B-340bp on fee · 611× the assets · +$2B in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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