“The portfolio management team 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 guidance,” according to the fund’s web site. [http://advisorshares.com/fund/hdge]
It should be noted that is appears to be a new position for HDGE and the bearish bet on 3D Systems is just 1.04% of the ETF’s portfolio, barely ahead of the 1.03% weight given to a short position in Green Mountain Coffee Roasters (NasdaqGM: GMCR). Short positions in Dow components International Business Machines (NYSE: IBM) and Caterpillar (NYSE: CAT) are HDGE’s two largest positions, combing for just over 11% of the ETF’s weight.
AdvisorShares Ranger Equity Bear ETF
ETF Trends editorial team contributed to this post.