AdvisorShares, a boutique ETF provider known for its actively managed offerings, filed with the Securities and Exchange Commission to change the name of its planned fund-of-funds ETF that will take equal long and short positions targeting various global markets, industries and investment styles.

The Mars Hill Global Relative Value ETF (NYSEArca: GRV) was called HTE Global Relative Value ETF in the Bethesda, Md.-based company’s December filing. Mars Hill is an affiliate of Colorado Springs, Colo.-based HTE. The new filing on March 16 also set the ETF’s annual management fee at 1.49 percent.

The ETF will invest in exchange-traded products, including ETFs, ETNs and closed-end funds, as managers scour the globe as both bulls and bears for the most prospective investment opportunities. By maintaining equal long and short dollar exposure, GRV seeks to cut the influence of directional trends and market exposure, and looks instead to profit from relative performance between long and short positions, the filing said.

AdvisorShares hopes to launch the fund, which aims to match average annual total returns of the MSCI World Index, by the end of April, the company’s Chief Executive Officer Noah Hamman said in a telephone interview.

Hamman also said the WCM BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) of American depositary receipts is likely to launch at the end of March. ADRs are foreign companies listed in the U.S., usually on the New York Stock Exchange.

He declined to comment on the possible launch date of the actively managed Peritus High Yield Debt ETF (NYSEArca: HYLD) AdvisorShares plans to roll out with Peritus Asset Management. That Feb. 25 filing still falls under the so-called quiet period of the SEC’s registration process, Hamman said.

Peritus, a Santa Barbara, Calif.-based registered investment adviser, specializes in high-yield debt chosen with a view on cash flow as opposed to ratings. Peritus will develop all AdvisorShares ETFs in the future, the companies said in a statement.