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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,333 shares, a decline of 83.9% from the May 31st total of 8,289 shares. Based on an average trading volume of 6,219 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of AdvisorShares STAR Global Buy-Write ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VEGA. CreativeOne Wealth LLC increased its holdings in shares of AdvisorShares STAR Global Buy-Write ETF by 1.0% in the fourth 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 last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at approximately $1,912,000. OLD Mission Capital LLC bought a new stake in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth approximately $230,000. 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 worth $119,000 after acquiring an additional 2,287 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 2nd quarter worth approximately $87,000.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.2%

Shares of VEGA opened at $51.94 on Friday. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $45.74 and a 52 week high of $52.89. The stock has a market cap of $84.66 million, a price-to-earnings ratio of 21.93 and a beta of 0.68. The business has a 50-day simple moving average of $51.80 and a two-hundred day simple moving average of $50.40.

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.