AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Stock Short Interest Falls 35.9%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,094 shares, a drop of 35.9% from the August 31st total of 4,829 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,684 shares, the days-to-cover ratio is presently 0.5 days.

AdvisorShares STAR Global Buy-Write ETF Stock Down 0.2%

VEGA opened at $52.40 on Thursday. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $47.16 and a 52 week high of $53.65. The business’s 50 day moving average is $52.84 and its two-hundred day moving average is $51.73. The firm has a market cap of $93.27 million, a price-to-earnings ratio of 21.93 and a beta of 0.68.

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

A hedge fund recently raised its position in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC raised its stake in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,293 shares of the company’s stock after acquiring 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.