AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Sees Large Increase in Short Interest

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 4,829 shares, a growth of 230.3% from the August 15th total of 1,462 shares. Based on an average daily trading volume, of 7,821 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of AdvisorShares STAR Global Buy-Write ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CreativeOne Wealth LLC boosted its holdings in AdvisorShares STAR Global Buy-Write ETF by 1.0% during the fourth quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock worth $68,748,000 after buying an additional 14,307 shares in the last quarter. BAM Wealth Management LLC increased its holdings in shares of AdvisorShares STAR Global Buy-Write ETF by 4.1% in the second quarter. BAM Wealth Management LLC now owns 17,293 shares of the company’s stock valued at $909,000 after buying an additional 678 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of AdvisorShares STAR Global Buy-Write ETF in the fourth quarter valued at $230,000. Osaic Holdings Inc. lifted its position in shares of AdvisorShares STAR Global Buy-Write ETF by 508.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock valued at $119,000 after acquiring an additional 2,287 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 2nd quarter valued at $87,000.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.7%

AdvisorShares STAR Global Buy-Write ETF stock traded up $0.35 during midday trading on Friday, hitting $52.86. The company’s stock had a trading volume of 10,589 shares, compared to its average volume of 5,197. The stock’s 50-day moving average price is $52.73 and its 200-day moving average price is $51.48. AdvisorShares STAR Global Buy-Write ETF has a 12 month low of $47.16 and a 12 month high of $53.65. The company has a market capitalization of $90.39 million, a PE 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.