AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,333 shares, a decline of 83.9% from the May 31st total of 8,289 shares. Based on an average daily volume of 6,219 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Trading of AdvisorShares STAR Global Buy-Write ETF
Several institutional investors have recently modified their holdings of VEGA. Steward Partners Investment Advisory LLC bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the fourth quarter valued at approximately $41,000. JPMorgan Chase & Co. bought a new position in AdvisorShares STAR Global Buy-Write ETF in the second quarter worth $87,000. Osaic Holdings Inc. boosted its stake in AdvisorShares STAR Global Buy-Write ETF by 508.2% during the second quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock worth $119,000 after buying an additional 2,287 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in AdvisorShares STAR Global Buy-Write ETF during the fourth quarter worth $230,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter valued at $1,912,000.
AdvisorShares STAR Global Buy-Write ETF Stock Performance
Shares of VEGA traded down $0.08 during trading hours on Friday, reaching $51.86. 7,695 shares of the company traded hands, compared to its average volume of 5,100. The stock’s fifty day moving average is $51.83 and its 200 day moving average is $50.41. AdvisorShares STAR Global Buy-Write ETF has a 1-year low of $45.83 and a 1-year high of $52.89. The stock has a market cap of $84.53 million, a P/E ratio of 21.93 and a beta of 0.68.
AdvisorShares STAR Global Buy-Write ETF Company Profile
The AdvisorShares STAR Global Buy-Write ETF (VEGA) is an exchange-traded fund that is based on the Benchmark for VEGA Fund index. The fund is an actively managed fund-of-funds that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk. VEGA was launched on Sep 17, 2012 and is managed by AdvisorShares.
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