BETHESDA, Md., Aug. 27, 2015 /PRNewswire/ -- AdvisorShares today announced that the previously disclosed per share net asset value (NAV) for the following AdvisorShares exchange-traded fund (ETF) on August 25, 2015 contained an error greater than 1%. The error, which has been corrected, resulted due to a technical malfunction at Bank of New York Mellon, AdvisorShares' third party fund custodian.
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August 25, 2015
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Fund Name
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Ticker
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Exchange
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CUSIP
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Incorrect NAV
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Correct NAV
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AdvisorShares Ranger Equity Bear ETF
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HDGE
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NYSE Arca
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00768Y883
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$11.6497
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$12.02276
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For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).
About AdvisorShares
A leading provider in the actively managed ETF marketplace, AdvisorShares offers 22 active ETFs with approximately $1.3 billion of assets under management (as of August 21, 2015). Visit www.advisorshares.com to register for weekly economic commentary. For additional educational insight on the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
An investment in ETFs is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund's prospectus and on each Fund's webpage. The Funds may not be suitable for all investors.
Press Contact:
Ryan Graham
AdvisorShares
202-684-6442
rg@advisorshares.com
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SOURCE AdvisorShares