# AdvisorShares Active Bear ETF (HDGE) — Overview

HDGE · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/hdge

## Price

Last close $15.19 on Oct 15, 2026. 52-week range $13.96 – $18.44.

## Fund profile

HDGE is actively-managed fund that attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies.

| Metric | Value |
| --- | --- |
| Issuer | AdvisorShares |
| Industry | Industrials |
| Inception | Jan 26, 2011 |
| Assets under management | $59.1M |
| Expense ratio | 3.62% |
| Net asset value | $15.57 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is AdvisorShares Active Bear ETF (HDGE)?

HDGE is actively-managed fund that attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies.

### What is HDGE's expense ratio?

AdvisorShares Active Bear ETF charges an annual expense ratio of 3.62%. The fund is issued by AdvisorShares.

### How large is HDGE?

AdvisorShares Active Bear ETF manages $59.1M in assets and has traded since Jan 26, 2011.

### How do I buy shares of AdvisorShares Active Bear ETF (HDGE)?

HDGE trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).