The miscalculation stemmed from an incorrectly recorded transaction during the market close on July 2. For the Ranger Equity Bear ETF (HDGE), the NAV rose from $15.57 to $15.97. The Dorsey Wright Short ETF (DWSH) saw a more significant adjustment, moving from $5.58 to $6.01 per share.

AdvisorShares stated that it has directed its third-party Fund Administrator to investigate the oversight and implement stricter controls for future trade processing. While the firm confirmed that independent auditors have been alerted to the discrepancy, it explicitly shifted financial responsibility for the error to the administrator. According to the company, the contract for accurate NAV reporting lies with the Fund Administrator, and AdvisorShares disclaims any liability for damages or costs resulting from the accounting failure.