# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0000940400-26-020558
**Filing Date:** 2026-5
**Character Count:** 25655
**Document Hash:** f007c6851c3f9f796a69f6b8c2e1a248
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020558.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020558

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AdvisorShares Trust
- **CENTRAL INDEX KEY:** 0001408970

**ORGANIZATION NAME:**
- **EIN:** 260636087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22110
- **FILM NUMBER:** 261007803

**BUSINESS ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** (877) 843-3831

**MAIL ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

## Series and Classes Contracts Data

### AdvisorShares Ranger Equity Bear ETF (Series ID: S000030090)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000092409 | AdvisorShares Ranger Equity Bear ETF | HDGE            |

## Nport-Ex

**ADVISORSHARES RANGER EQUITY BEAR ETF**

**Schedule of Investments**

March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **MONEY MARKET FUNDS – 63.2%** |  |  |
| BlackRock Liquidity Funds FedFund Portfolio, Institutional Class, 3.55%<sup>(a)(b)</sup> | 2094048 | $2094048 |
| Fidelity Institutional Money Market Government Portfolio - Class III, 3.28%<sup>(a)</sup> | 49794202 | 49794202 |
| **Total Money Market Funds<br> (Cost $51,888,250)** |  | 51888250 |
| Total Investments Before Securities Sold, Not Yet Purchased<br> (Cost $51,888,250) |  | 51888250 |
| **Securities Sold, Not Yet Purchased – (74.6)%<sup>(c)</sup>** |  |  |
| **COMMON STOCKS – (74.6)%** |  |  |
| **Apparel – (2.1)%** |  |  |
| PVH Corp. | (25000) | (1744000) |
| **Banks – (8.7)%** |  |  |
| Bank OZK | (85000) | (3900650) |
| Banner Corp. | (23632) | (1433989) |
| Preferred Bank/Los Angeles CA | (20000) | (1813800) |
| Total Banks |  | (7148439) |
| **Commercial Services – (7.0)%** |  |  |
| Covista, Inc.<sup>(d)</sup> | (22000) | (2535500) |
| Grand Canyon Education, Inc.<sup>(d)</sup> | (10000) | (1700300) |
| Paymentus Holdings, Inc., Class A<sup>(d)</sup> | (60000) | (1524000) |
| Total Commercial Services |  | (5759800) |
| **Computers – (4.1)%** |  |  |
| ASGN, Inc.<sup>(d)</sup> | (40000) | (1548400) |
| Logitech International SA (Switzerland) | (20000) | (1822400) |
| Total Computers |  | (3370800) |
| **Diversified Financial Services – (7.2)%** |  |  |
| Ally Financial, Inc. | (50000) | (1961500) |
| OneMain Holdings, Inc. | (40000) | (2139600) |
| Synchrony Financial | (26000) | (1768520) |
| Total Diversified Financial Services |  | (5869620) |
| **Entertainment – (2.4)%** |  |  |
| United Parks & Resorts, Inc.<sup>(d)</sup> | (60000) | (1959600) |
| **Healthcare - Services – (1.3)%** |  |  |
| Cigna Group (The) | (4000) | (1067000) |
| **Insurance – (4.8)%** |  |  |
| American International Group, Inc. | (35000) | (2633750) |
| Skyward Specialty Insurance Group, Inc.<sup>(d)</sup> | (30000) | (1310400) |
| Total Insurance |  | (3944150) |
| **Internet – (7.0)%** |  |  |
| CDW Corp. | (10000) | (1210200) |
| Cogent Communications Holdings, Inc. | (90000) | (1695600) |
| Maplebear, Inc.<sup>(d)</sup> | (62200) | (2330012) |
| VeriSign, Inc. | (2000) | (496720) |
| Total Internet |  | (5732532) |
| **Lodging – (1.9)%** |  |  |
| Choice Hotels International, Inc. | (15000) | (1552500) |
| **Media – (5.8)%** |  |  |
| Cable One, Inc.<sup>(d)</sup> | (17000) | (1550570) |
| News Corp., Class B | (65000) | (1853150) |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** |  |  |
| **Media (continued)** |  |  |
| Pearson PLC (United Kingdom)<sup>(e)</sup> | (100000) | $(1313000) |
| Total Media |  | (4716720) |
| **REITS – (4.1)%** |  |  |
| American Homes 4 Rent, Class A | (85000) | (2373200) |
| Invitation Homes, Inc. | (40000) | (994000) |
| Total REITS |  | (3367200) |
| **Retail – (8.1)%** |  |  |
| Bath & Body Works, Inc. | (31723) | (592268) |
| Carvana Co.<sup>(d)</sup> | (9786) | (3076523) |
| Dutch Bros, Inc., Class A<sup>(d)</sup> | (30000) | (1519800) |
| Penske Automotive Group, Inc. | (10000) | (1495200) |
| Total Retail |  | (6683791) |
| **Software – (8.8)%** |  |  |
| ACI Worldwide, Inc.<sup>(d)</sup> | (50000) | (2050500) |
| Concentrix Corp. | (30000) | (820800) |
| Descartes Systems Group, Inc. (The) (Canada)<sup>(d)</sup> | (10000) | (715600) |
| Manhattan Associates, Inc.<sup>(d)</sup> | (10000) | (1331200) |
| Palantir Technologies, Inc., Class A<sup>(d)</sup> | (8000) | (1170240) |
| Procore Technologies, Inc.<sup>(d)</sup> | (20000) | (1140000) |
| Total Software |  | (7228340) |
| **Telecommunications – (1.3)%** |  |  |
| Extreme Networks, Inc.<sup>(d)</sup> | (70000) | (1055600) |
| **Total Common Stocks <br> (Cost $(61165094))** |  | (61200092) |
| **Total Securities Sold, Not Yet Purchased<br> [Proceeds Received $(61165094)]** |  | $(61200092) |
| Total Investments – (11.4)%<br> (Cost $(9276844)) |  | (9311842) |
| Other Assets in Excess of Liabilities – 111.4% |  | 91405959 |
| **Net Assets – 100.0%** |  | $**82094117** |

---

PLC - Public Limited Company

REITS - Real Estate Investment Trusts

(a) Rate shown reflects the 7-day yield as of March 31, 2026.

(b) A portion of this security has been pledged as collateral for securities sold, not yet purchased.

(c) As of March 31, 2026 cash in the amount of $60,708,061 has been segregated as collateral from the broker for securities sold short.

(d) Non-income producing security.

(e) American Depositary Receipt.

**ADVISORSHARES RANGER EQUITY BEAR ETF**

**Schedule of Investments (continued)**

March 31, 2026 (Unaudited)

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

**Fair Value Measurements**

The following is a summary of the inputs used, as of March 31, 2026, in valuing the Fund's assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Money Market Funds | $51888250 | $– | $– | $51888250 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks | $(61200092) | $– | $– | $(61200092) |

---

**SUMMARY OF SCHEDULE OF INVESTMENTS**

---

| | |
|:---|:---|
|  | **% of<br> Net Assets** |
| Apparel | (2.1)% |
| Banks | (8.7) |
| Commercial Services | (7.0) |
| Computers | (4.1) |
| Diversified Financial Services | (7.2) |
| Entertainment | (2.4) |
| Healthcare - Services | (1.3) |
| Insurance | (4.8) |
| Internet | (7.0) |
| Lodging | (1.9) |
| Media | (5.8) |
| REITS | (4.1) |
| Retail | (8.1) |
| Software | (8.8) |
| Telecommunications | (1.3) |
| Money Market Funds | 63.2 |
| Total Investments | (11.4) |
| Other Assets in Excess of Liabilities | 111.4 |
| Net Assets | 100.0% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AdvisorShares Trust

- **b. Investment Company Act file number:** 811-22110

- **c. CIK number of Registrant:** 0001408970

- **d. LEI of Registrant:** 549300K5KGUMX2I7WM68

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4800 Montgomery Lane

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 877-843-3831

**Item A.2. Information about the Series.**

- **a. Name of Series:** AdvisorShares Ranger Equity Bear ETF

- **b. EDGAR series identifier (if any):** S000030090

- **c. LEI of Series:** 5493002XL8HC1EE2BT77

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $160341339.96

**Total Liabilities:** $78247222.51

**Net Assets:** $82094117.45

**Cash Not Reported:** $73565252.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092409 | 1.88%                | 4.32%                | 4.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1048731.40             | $1934719.45                                |
| Month 2  | $2992953.95              | $-342549.26                                |
| Month 3  | $3592286.77              | $-183107.57                                |

**Designated Index Information**

- **Index Name:** S&P 500 (Price)

- **Index Identifier:** 500

### Schedule of Portfolio Investments

| Name                                                                 | Title                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Synchrony Financial                                                  | Synchrony Financial COM                                              | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Short            | EC               | CORP              | US        |    -26000 | NS      | $-1768520.00  | -2.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                                               | Paymentus Holdings Inc COM CL A                                      | CUSIP: 70439P108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -60000 | NS      | $-1524000.00  | -1.86%            |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                                                    | ACI Worldwide Inc COM                                                | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-2050500.00  | -2.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                                                  | Ally Financial Inc. COM                                              | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-1961500.00  | -2.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                                       | Dutch Bros Inc CL A                                                  | CUSIP: 26701L100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30000 | NS      | $-1519800.00  | -1.85%            |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMUNICATIONS HOLDINGS INC                                   | Cogent Communications Holdings, Inc. COM NEW                         | CUSIP: 19239V302<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -90000 | NS      | $-1695600.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                                        | Cable One Inc COM                                                    | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Short            | EC               | CORP              | US        |    -17000 | NS      | $-1550570.00  | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                                       | Verisign, Inc. COM                                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-496720.00   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc                                | Skyward Specialty Insurance Group Inc COM                            | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-1310400.00  | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                                            | Logitech International SA SHS                                        | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Short            | EC               | CORP              | CH        |    -20000 | NS      | $-1822400.00  | -2.22%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                                          | BlackRock Liquidity FedFund                                          | CUSIP: 000000000<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   2094048 | NS      | $2094048.34   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                                             | Bank OZK COM                                                         | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Short            | EC               | CORP              | US        |    -85000 | NS      | $-3900650.00  | -4.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc.                                                         | Covista Inc. COM                                                     | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Short            | EC               | CORP              | US        |    -22000 | NS      | $-2535500.00  | -3.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                                            | Palantir Technologies Inc CL A                                       | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-1170240.00  | -1.43%            |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                                             | CDW Corp COM                                                         | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1210200.00  | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.                                                | Extreme Networks Inc. COM                                            | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Short            | EC               | CORP              | US        |    -70000 | NS      | $-1055600.00  | -1.29%            |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                                                 | Invitation Homes Inc. COM                                            | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-994000.00   | -1.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                           | Carvana Co CL A                                                      | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |     -9786 | NS      | $-3076522.68  | -3.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                                                     | Concentrix Corp. COM                                                 | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-820800.00   | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc.                                                | OneMain Holdings Inc. COM                                            | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-2139600.00  | -2.61%            |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                                      | The Cigna Group COM                                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-1067000.00  | -1.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                                           | Grand Canyon Education Inc COM                                       | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1700300.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International, Inc.                                    | Choice Hotels International, Inc. COM                                | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1552500.00  | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                                                | Bath & Body Works Inc COM                                            | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Short            | EC               | CORP              | US        |    -31723 | NS      | $-592268.41   | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                                             | Procore Technologies Inc COM                                         | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1140000.00  | -1.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                                                          | Pearson PLC SPONSORED ADR                                            | CUSIP: 705015105<br>LEI: 2138004JBXWWJKIURC57 | Short            | EC               | CORP              | GB        |   -100000 | NS      | $-1313000.00  | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                                            | PVH Corp. COM                                                        | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-1744000.00  | -2.12%            |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                                | American Homes 4 Rent CL A                                           | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Short            | EC               | CORP              | US        |    -85000 | NS      | $-2373200.00  | -2.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                                             | Manhattan Associates Inc COM                                         | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1331200.00  | -1.62%            |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.                                    | American International Group Inc. COM NEW                            | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Short            | EC               | CORP              | US        |    -35000 | NS      | $-2633750.00  | -3.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                                          | Banner Corp COM NEW                                                  | CUSIP: 06652V208<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -23632 | NS      | $-1433989.76  | -1.75%            |  |  |  | No            |                  1 | On Loan: No      |
| MAPLEBEAR INC                                                        | Maplebear Inc. COM                                                   | CUSIP: 565394103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -62200 | NS      | $-2330012.00  | -2.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                                                    | Asgn Incorporated COM                                                | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-1548400.00  | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                                                     | News Corporation CL B                                                | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Short            | EC               | CORP              | US        |    -65000 | NS      | $-1853150.00  | -2.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.                                         | Descartes Systems Group Inc. COM                                     | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Short            | EC               | CORP              | CA        |    -10000 | NS      | $-715600.00   | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                                                       | Preferred Bank COM NEW                                               | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1813800.00  | -2.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.                                        | Penske Automotive Group, Inc. COM                                    | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1495200.00  | -1.82%            |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  49794202 | NS      | $49794202.08  | 60.66%            |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                                           | United Parks & Resorts Inc COM                                       | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Short            | EC               | CORP              | US        |    -60000 | NS      | $-1959600.00  | -2.39%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** AdvisorShares Trust

**Signature:** Dan Ahrens

**Name of Signer:** Dan Ahrens

**Title:** Secretary and Treasurer