As of January 16, 2015, AdvisorShares Trust - AdvisorShares Athena International Bear ETF has gone out of business. AdvisorShares Trust - AdvisorShares Athena International Bear ETF is an exchange traded fund launched and managed by AdvisorShares Investments, LLC. The fund is co-managed by AthenaInvest Advisors, LLC. It invests in the public equity markets of countries across the globe excluding the United States. The fund takes short positions to invest in the stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund employs fundamental analysis and behavioral finance approach focusing on factors such as patented behavioral research and statistical models, company management and investor behavior to create its portfolio. AdvisorShares Trust - AdvisorShares Athena International Bear ETF was formed on July 18, 2013 and is domiciled in the United States.