ETF Quote Details
|NAV (month end)||13.42|
|Premium (+)/Discount (-) (month end)||-0.14|
Zacks Premium Research for HDGE
|Zacks ETF Rank [?]||Not rated 0|
|ETF Risk [?]||NA|
|ETF Research Report|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
This ETF is active & does not track a benchmark. Instead, the fund looks to provide investors with capital appreciation through short sales of domestic equity securities. The fund managers look to identify securities with low earnings quality or aggressive accounting and short those, thereby providing investors with a hedge against low earnings quality as well as broad stock market declines.
Its investment is capital appreciation through short sales of domestically traded equities. It is managed by Ranger Alternative Management who implements a bottom-up, fundamental security selection. In selecting short positions, the Fund seeks to identify securities with low earnings quality or aggressive accounting to mask operational deterioration & bolster the EPS over a short time period.