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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 338 shares, a decrease of 92.8% from the October 15th total of 4,718 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,058 shares, the short-interest ratio is currently 0.0 days.

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

A hedge fund recently raised its position in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC raised its holdings in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,293 shares of the company’s stock after purchasing an additional 678 shares during the quarter. BAM Wealth Management LLC owned 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

AdvisorShares STAR Global Buy-Write ETF Price Performance

Shares of NYSEARCA VEGA traded up $0.40 during midday trading on Wednesday, reaching $52.24. 8,892 shares of the stock traded hands, compared to its average volume of 5,659. The stock has a market capitalization of $94.02 million, a PE ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a one year low of $47.16 and a one year high of $53.65. The company’s 50 day moving average is $52.57 and its 200 day moving average is $51.56.

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.