AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,718 shares, a growth of 280.8% from the September 30th total of 1,239 shares. Based on an average daily trading volume, of 7,485 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.
AdvisorShares STAR Global Buy-Write ETF Stock Performance
Shares of NYSEARCA:VEGA traded up $0.02 during midday trading on Wednesday, reaching $52.59. 4,359 shares of the company’s stock traded hands, compared to its average volume of 5,652. The company has a fifty day simple moving average of $52.81 and a two-hundred day simple moving average of $51.46. AdvisorShares STAR Global Buy-Write ETF has a 1 year low of $47.16 and a 1 year high of $53.65. The company has a market cap of $93.62 million, a P/E ratio of 21.93 and a beta of 0.69.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC raised its position in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,293 shares of the company’s stock after purchasing an additional 678 shares during the period. BAM Wealth Management LLC owned 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 at the end of the most recent quarter.
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.
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