AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the target of a large growth in short interest in the month of 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 volume of 7,485 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.
AdvisorShares STAR Global Buy-Write ETF Price Performance
NYSEARCA VEGA traded down $0.09 during mid-day trading on Thursday, hitting $52.56. The company’s stock had a trading volume of 3,985 shares, compared to its average volume of 5,654. The firm has a market capitalization of $101.45 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 simple moving average is $52.80 and its two-hundred day simple moving average is $51.47.
Institutional Trading of AdvisorShares STAR Global Buy-Write ETF
A hedge fund 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% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,293 shares of the company’s stock after buying an additional 678 shares during the period. BAM Wealth Management LLC owned approximately 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent SEC filing.
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.
See Also
- Five stocks we like better than AdvisorShares STAR Global Buy-Write ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for AdvisorShares STAR Global Buy-Write ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvisorShares STAR Global Buy-Write ETF and related companies with MarketBeat.com's FREE daily email newsletter.
