AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,094 shares, a drop of 35.9% from the August 31st total of 4,829 shares. Based on an average trading volume of 6,684 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On AdvisorShares STAR Global Buy-Write ETF
A hedge fund recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC raised its stake in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,293 shares of the company’s stock after acquiring an additional 678 shares during the period. 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 and Exchange Commission (SEC).
AdvisorShares STAR Global Buy-Write ETF Stock Down 0.2%
Shares of AdvisorShares STAR Global Buy-Write ETF stock opened at $52.40 on Thursday. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $47.16 and a 52 week high of $53.65. The firm’s 50 day moving average is $52.84 and its two-hundred day moving average is $51.73. The firm has a market capitalization of $93.27 million, a P/E 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.
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