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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGAGet Free Report) saw a significant 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,214 shares, the short-interest ratio is currently 0.3 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in VEGA. Steward Partners Investment Advisory LLC purchased a new stake in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth $41,000. JPMorgan Chase & Co. purchased a new position in AdvisorShares STAR Global Buy-Write ETF during the 2nd quarter valued at $87,000. Osaic Holdings Inc. raised its holdings in AdvisorShares STAR Global Buy-Write ETF by 508.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock worth $119,000 after purchasing an additional 2,287 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth about $230,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at about $1,912,000.

AdvisorShares STAR Global Buy-Write ETF Price Performance

VEGA opened at $51.96 on Friday. The business has a 50 day simple moving average of $52.19 and a two-hundred day simple moving average of $50.84. The firm has a market capitalization of $88.85 million, a price-to-earnings ratio of 21.93 and a beta of 0.68. AdvisorShares STAR Global Buy-Write ETF has a one year low of $46.16 and a one year 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.

Further Reading

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