AdvisorShares is launching the AdvisorShares Athena International Bear ETF (HDGI) on July 19. HDGI is subadvised by Greenwood Village, Colo.-based AthenaInvest Advisors.

HDGI is a short international equity securities portfolio with a tactical overlay and is managed by Thomas Howard, co-founder and chief investment officer of Athena.

“With the launch of the first international all-short actively managed ETF, we feel that investors and financial advisors in search of portfolio diversification will find HDGI an important investment option not historically available via a transparent, liquid and efficient active ETF structure,” stated Noah Hamman, chief executive officer of AdvisorShares.

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