AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Short Interest Update

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 3,094 shares, a decline of 35.9% from the August 31st total of 4,829 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,684 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On AdvisorShares STAR Global Buy-Write ETF

An institutional investor recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC boosted its stake in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,293 shares of the company’s stock after buying an additional 678 shares during the period. BAM Wealth Management LLC owned 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 at the end of the most recent quarter.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.8%

VEGA stock traded up $0.42 during trading on Friday, reaching $52.84. 5,310 shares of the company’s stock were exchanged, compared to its average volume of 5,458. AdvisorShares STAR Global Buy-Write ETF has a 1-year low of $47.16 and a 1-year high of $53.65. The firm has a market cap of $94.06 million, a PE ratio of 21.93 and a beta of 0.68. The company’s fifty day moving average price is $52.85 and its 200-day moving average price is $51.76.

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.