Trend: The first short-only ETF (ticker HDGE) started trading on January 27, 2010.
Link: AdvisorShares Unveils Short-Only ETF by Cinthia Murphy
AdvisorShares, the Bethesda, Md.-based ETF sponsor known for its actively managed strategies, today launched a short-only U.S. equities ETF that’s designed to capture alpha in “any market environment” by short-selling the market’s underperformers.
The Active Bear ETF (NYSEArca: HDGE), AdvisorShares’ first short-only fund, is meant as a hedging tool in a long/short strategy, according to company’s website. The ETF is designed to generate “positive relative risk-adjusted returns” by shorting companies in the U.S. large-cap equities universe that have low-quality earnings, or that use aggressive accounting to boost earnings in the short term.
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