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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,829 shares, a growth of 230.3% from the August 15th total of 1,462 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,821 shares, the short-interest ratio is presently 0.6 days.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.7%

Shares of NYSEARCA VEGA traded up $0.35 during mid-day trading on Friday, hitting $52.86. 10,589 shares of the company traded hands, compared to its average volume of 5,197. AdvisorShares STAR Global Buy-Write ETF has a 1 year low of $47.16 and a 1 year high of $53.65. The stock has a market capitalization of $90.39 million, a price-to-earnings ratio of 21.93 and a beta of 0.68. The business has a 50 day moving average of $52.73 and a two-hundred day moving average of $51.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of AdvisorShares STAR Global Buy-Write ETF in the second quarter worth approximately $87,000. Osaic Holdings Inc. lifted its position in shares of 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 valued at $119,000 after acquiring an additional 2,287 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the 4th quarter valued at approximately $41,000. CreativeOne Wealth LLC boosted its stake in AdvisorShares STAR Global Buy-Write ETF by 1.0% in the 4th quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock worth $68,748,000 after purchasing an additional 14,307 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth approximately $230,000.

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.