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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,462 shares, a growth of 1,798.7% from the July 30th total of 77 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,864 shares, the short-interest ratio is currently 0.2 days.

AdvisorShares STAR Global Buy-Write ETF Stock Performance

NYSEARCA VEGA opened at $53.24 on Thursday. The business’s 50 day moving average price is $52.53 and its 200-day moving average price is $51.25. AdvisorShares STAR Global Buy-Write ETF has a fifty-two week low of $46.91 and a fifty-two week high of $53.65. The company has a market cap of $91.04 million, a P/E ratio of 21.93 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the 2nd quarter worth about $87,000. Osaic Holdings Inc. grew its holdings in AdvisorShares STAR Global Buy-Write ETF by 508.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock valued at $119,000 after purchasing an additional 2,287 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at about $41,000. CreativeOne Wealth LLC grew its holdings in AdvisorShares STAR Global Buy-Write ETF by 1.0% during the 4th quarter. CreativeOne Wealth LLC now owns 1,400,039 shares of the company’s stock valued at $68,748,000 after purchasing an additional 14,307 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth about $230,000.

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.