AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,239 shares, a decline of 60.0% from the September 15th total of 3,094 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,640 shares, the short-interest ratio is presently 0.1 days.
AdvisorShares STAR Global Buy-Write ETF Trading Down 0.1%
VEGA stock traded down $0.06 during mid-day trading on Tuesday, reaching $52.87. 2,854 shares of the stock traded hands, compared to its average volume of 5,538. The company has a market cap of $93.57 million, a P/E ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a 52-week low of $47.16 and a 52-week high of $53.65. The stock’s fifty day moving average is $52.99 and its 200-day moving average is $51.97.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC lifted its stake in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,293 shares of the company’s stock after acquiring an additional 678 shares during the quarter. BAM Wealth Management LLC owned approximately 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent filing with the Securities and Exchange Commission.
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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