Short Interest in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Increases By 1,798.7%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,462 shares, an increase of 1,798.7% from the July 30th total of 77 shares. Based on an average trading volume of 5,864 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of AdvisorShares STAR Global Buy-Write ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CreativeOne Wealth LLC boosted its stake in AdvisorShares STAR Global Buy-Write ETF by 1.0% in the 4th quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock worth $68,748,000 after purchasing an additional 14,307 shares during the period. OLD Mission Capital LLC purchased a new position in AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at about $230,000. Osaic Holdings Inc. increased its position in shares of 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 valued at $119,000 after buying an additional 2,287 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the second quarter worth about $87,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of AdvisorShares STAR Global Buy-Write ETF in the fourth quarter valued at approximately $41,000.

AdvisorShares STAR Global Buy-Write ETF Price Performance

Shares of VEGA traded up $0.23 during trading hours on Tuesday, hitting $53.30. The company’s stock had a trading volume of 6,944 shares, compared to its average volume of 4,980. The business has a 50 day simple moving average of $52.51 and a two-hundred day simple moving average of $51.23. AdvisorShares STAR Global Buy-Write ETF has a 52-week low of $46.91 and a 52-week high of $53.65. The company has a market cap of $91.14 million, a price-to-earnings ratio of 21.93 and a beta of 0.68.

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.