Short Interest in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Increases By 230.3%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 7,821 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On AdvisorShares STAR Global Buy-Write ETF

Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth about $41,000. JPMorgan Chase & Co. purchased a new stake in AdvisorShares STAR Global Buy-Write ETF in the 2nd quarter worth about $87,000. Osaic Holdings Inc. increased its stake 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 valued at $119,000 after buying an additional 2,287 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the fourth quarter worth $230,000. Finally, BAM Wealth Management LLC increased its holdings in AdvisorShares STAR Global Buy-Write ETF by 4.1% in the second quarter. BAM Wealth Management LLC now owns 17,293 shares of the company’s stock worth $909,000 after buying an additional 678 shares during the last quarter.

AdvisorShares STAR Global Buy-Write ETF Stock Down 0.3%

Shares of VEGA traded down $0.15 during trading on Monday, reaching $52.71. The company’s stock had a trading volume of 4,132 shares, compared to its average volume of 5,189. The company has a market cap of $90.13 million, a price-to-earnings ratio of 21.93 and a beta of 0.68. AdvisorShares STAR Global Buy-Write ETF has a twelve month low of $47.16 and a twelve month high of $53.65. The company has a fifty day moving average of $52.73 and a two-hundred day moving average of $51.48.

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.