BETHESDA, Md., Sept. 23, 2011 /PRNewswire/ -- AdvisorShares, a leading sponsor of ETF innovation and actively managed Exchange Traded Funds (ETFs), today announced that the AdvisorShares Active Bear ETF (NYSE: HDGE), the first all-short actively-managed ETF has met listing requirements of the Chicago Board Options Exchange® ("CBOE®") and that HDGE options are now listed for trading on the CBOE.
"This is an exciting moment for the investment community and a milestone for actively managed ETFs. Financial Advisors now have another way to gain access to strategies that could provide ways to insure one's portfolio. Additionally, it provides an opportunity that actively managed mutual funds can't afford their clients. Having HDGE be the first equity based actively managed ETF meet CBOE listing requirements to trade options is something we are all very proud of, and further validates the growth and interest by investors in actively managed ETFs," said Noah Hamman, CEO of AdvisorShares.
Among the requirements a security must satisfy before CBOE will list options for it is "distribution." There must be a certain number of outstanding shares, and the shares must be owned by a minimum number of people. Otherwise, ownership of the security is deemed "too highly concentrated."
More information on HDGE can be found on the AdvisorShares website at http://hdge.advisorshares.com.
About AdvisorShares AdvisorShares is one of the leading providers of actively managed ETFs. As of 09/1/2011 AdvisorShares offers 10 active ETFs with over $370,000,000 of assets under management. AdvisorShares is pleased to offer actively managed ETFs, including the
Core Tactical Strategies
Dent Tactical ETF (NYSE: DENT)
Cambria Global Tactical ETF (NYSE: GTAA)
Meidell Tactical Advantage ETF (NYSE: MATH)
Core Long/Short Strategies
Mars Hill Global Relative Value ETF (NYSE: GRV)
Core Short Strategies
Active Bear ETF (NYSE: HDGE)
Core Domestic Strategies
Madrona Domestic ETF (NYSE: FWDD)
Core International Strategies
WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR)
Madrona International ETF (NYSE: FWDI)
Peritus High Yield ETF (NYSE: HYLD)
Madrona Global Bond ETF (NYSE: FWDB)
AdvisorShares provides educational support to help investors understand ETFs, and the underlying investment strategy for each of the AdvisorShares ETFs. AdvisorShares continues to seek qualified sub-advisor investment partners to offer compelling investment strategies in an active ETF structure. Visit our website at www.advisorshares.com to learn more about us. Follow the AdvisorShares Team on Twitter or '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.
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.
An Option is a privilege, sold by one party to another, that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed-upon price within a certain period or on a specific date.