Next Financial Group’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
2016 Q3	–	Sell	-4,450	Closed	-$471K	–	2394
2016 Q2	$471K	Buy	+4,450	New	+$471K	0.15%	146
2016 Q1	–	Sell	-4,390	Closed	-$472K	–	1785
2015 Q4	$472K	Buy	4,390 +700	+19%	+$75.3K	0.18%	134
2015 Q3	$421K	Buy	+3,690	New	+$421K	0.15%	149