Short Interest in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Decreases By 31.9%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGAGet Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 945 shares, a decrease of 31.9% from the June 30th total of 1,388 shares. Based on an average trading volume of 3,214 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On AdvisorShares STAR Global Buy-Write ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at $1,912,000. CreativeOne Wealth LLC lifted its position in AdvisorShares STAR Global Buy-Write ETF by 1.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock valued at $68,748,000 after acquiring an additional 14,307 shares during the period. OLD Mission Capital LLC purchased a new stake in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth about $230,000. Osaic Holdings Inc. increased its stake 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 purchasing an additional 2,287 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of AdvisorShares STAR Global Buy-Write ETF during the second quarter valued at approximately $87,000.

AdvisorShares STAR Global Buy-Write ETF Stock Up 1.5%

VEGA opened at $51.96 on Friday. The stock has a market cap of $88.85 million, a PE ratio of 21.93 and a beta of 0.68. The business has a 50 day moving average of $52.19 and a 200-day moving average of $50.84. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $46.16 and a 52 week high of $52.89.

AdvisorShares STAR Global Buy-Write ETF Company Profile

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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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