AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Short Interest Up 64.8% in May

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,349 shares, an increase of 64.8% from the April 30th total of 6,280 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 3,723 shares, the days-to-cover ratio is presently 2.8 days.

AdvisorShares STAR Global Buy-Write ETF Stock Performance

Shares of VEGA opened at $52.74 on Friday. The stock has a market cap of $85.97 million, a PE ratio of 21.93 and a beta of 0.68. AdvisorShares STAR Global Buy-Write ETF has a fifty-two week low of $44.67 and a fifty-two week high of $52.89. The firm’s 50-day simple moving average is $50.82 and its two-hundred day simple moving average is $50.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth approximately $41,000. JPMorgan Chase & Co. bought a new position in AdvisorShares STAR Global Buy-Write ETF in the second quarter worth approximately $87,000. Osaic Holdings Inc. raised its position in AdvisorShares STAR Global Buy-Write ETF by 508.2% in the second quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock worth $119,000 after acquiring an additional 2,287 shares during the period. OLD Mission Capital LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth approximately $230,000. Finally, CreativeOne Wealth LLC raised its position in AdvisorShares STAR Global Buy-Write ETF by 1.0% in the fourth quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock worth $68,748,000 after acquiring an additional 14,307 shares during the period.

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.