Jolley Asset Management’s AdvisorShares Ranger Equity Bear ETF HDGE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-4,000	Closed	-$574K	–	130
2013 Q3	$574K	Hold	4,000	–	–	0.48%	42
2013 Q2	$646K	Buy	+4,000	New	+$646K	0.52%	42