AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,239 shares, a decrease of 60.0% from the September 15th total of 3,094 shares. Based on an average daily trading volume, of 9,640 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
AdvisorShares STAR Global Buy-Write ETF Stock Up 0.4%
Shares of NYSEARCA:VEGA traded up $0.19 during trading on Thursday, hitting $52.66. The stock had a trading volume of 2,986 shares, compared to its average volume of 5,570. The firm’s fifty day moving average is $52.98 and its 200 day moving average is $52.03. The company has a market capitalization of $93.21 million, a PE ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a 12 month low of $47.16 and a 12 month high of $53.65.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC lifted its stake in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,293 shares of the company’s stock after purchasing an additional 678 shares during the quarter. BAM Wealth Management LLC owned 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
About AdvisorShares STAR Global Buy-Write ETF
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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