AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 338 shares, a decline of 92.8% from the October 15th total of 4,718 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,058 shares, the short-interest ratio is currently 0.0 days.
AdvisorShares STAR Global Buy-Write ETF Price Performance
NYSEARCA VEGA traded down $0.24 on Thursday, hitting $51.97. 27,804 shares of the stock were exchanged, compared to its average volume of 5,760. The business’s fifty day moving average is $52.56 and its 200 day moving average is $51.57. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $47.16 and a 52 week high of $53.65. The company has a market capitalization of $93.55 million, a PE ratio of 21.93 and a beta of 0.69.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC increased its position in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,293 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.
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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