AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 338 shares, a decrease of 92.8% from the October 15th total of 4,718 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,058 shares, the days-to-cover ratio is currently 0.0 days.
AdvisorShares STAR Global Buy-Write ETF Price Performance
Shares of NYSEARCA:VEGA traded down $0.23 on Tuesday, reaching $51.84. The company’s stock had a trading volume of 4,711 shares, compared to its average volume of 5,644. The stock’s 50-day moving average is $52.60 and its two-hundred day moving average is $51.55. The stock has a market capitalization of $93.31 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.
Institutional Inflows and Outflows
A hedge fund recently raised its position in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC lifted its position in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,293 shares of the company’s stock after buying an additional 678 shares during the quarter. BAM Wealth Management LLC owned approximately 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 at the end of the most recent quarter.
AdvisorShares STAR Global Buy-Write ETF Company Profile
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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