HDGE

Ranger Equity Bear Bear ETF

Leveraged / InversePSERanger ETF
$14.03
$0.07 (+0.53%)
Delayed ≥20 min · Sep 1, 2026

Key Statistics

Net Assets (AUM)
$82.09M
Expense Ratio
See prospectus
Previous Close
$14.03
Day Range
- – -
52-Week Range
$13.77 – $18.45
Volume
18.12K
Avg Vol (50D)
122.76K
Beta
-1.00

Historical Performance

1M
-7.25%
3M
-13.64%
6M
-18.50%
YTD
-12.40%
1Y
-9.24%
3Y
-20.32%
5Y
-29.53%

Total return including reinvested distributions, from adjusted closing prices.

Price History

Price history is being compiled for this fund.

Top Holdings

FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III 60.66%
TFDXX BlackRock Liquidity FedFund 2.55%
VRSN Verisign, Inc. -0.61%
BBWI Bath & Body Works Inc -0.72%
DSGX Descartes Systems Group Inc. -0.87%
CNXC Concentrix Corp. -1.00%
INVH INVITATION HOMES INC -1.21%
EXTR Extreme Networks Inc. -1.29%
CI The Cigna Group -1.30%
PCOR Procore Technologies Inc -1.39%
PLTR Palantir Technologies Inc -1.43%
CDW CDW Corp -1.47%
SKWD Skyward Specialty Insurance Group Inc -1.60%
PSO Pearson PLC -1.60%
MANH Manhattan Associates Inc -1.62%
BANR Banner Corp -1.75%
PAG Penske Automotive Group, Inc. -1.82%
BROS Dutch Bros Inc -1.85%
PAY Paymentus Holdings Inc -1.86%
ASGN Asgn Incorporated -1.89%
CABO Cable One Inc -1.89%
CHH Choice Hotels International, Inc. -1.89%
CCOI COGENT COMMUNICATIONS HOLDINGS INC -2.07%
LOPE Grand Canyon Education Inc -2.07%
PVH PVH Corp. -2.12%

Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About HDGE

The Fund is an actively managed exchange-traded fund (“ETF”). Ranger Alternative Management, L.P. (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, 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. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process that seeks to identify securities with low earnings quality or aggressive accounting that may tend to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition to these issues, the Sub-Advisor seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward earnings outlook. In addition to extensive quantitative analysis, careful consideration is given to qualitative analysis. The assessment of the management team, accounting practices, corporate governance and the company’s competitive advantage are all key items. Once these quantitative and qualitative characteristics are thoroughly analyzed, the Sub-Advisor then determines if there is sufficient return to the stock price to warrant an investment. Once a position is included in the Fund’s portfolio, it is subject to regular fundamental and technical risk management review. This continual review process seeks to identify problem positions early and enhances performance by removing them before they become significant issues for the portfolio. The Fund’s strategy may frequently involve buying and selling securities, which may lead to relatively high portfolio turnover. On a day-to-day basis, for investment purposes and to cover its short positions, the Fund may hold U.S. government securities, short-term high quality fixed income securities, money market instruments, overnight and fixed-term repurchase agreements, cash and cash equivalents with maturities of one year or less, and ETFs that invest in these types of instruments.

Data for HDGE is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.