AdvisorShares Ranger Equity Bear ETF

This ETF is unlike the majority of products offering short exposure to domestic and international equity markets; HDGE is an actively-managed fund that seeks to identify candidates for short selling based on forensic accounting and other quant-based methodologies. The managers behind this fund have an impressive track record, and HDGE can be a powerful tool for managers required to maintain a short allocation or those looking to hedge against a market pullback. HDGE has a wide variety of potential applications depending on an investor's outlook for the U.S. market; the primary downside of this ETF is the hefty expense ratio.