AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,239 shares, a decrease of 60.0% from the September 15th total of 3,094 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,640 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On AdvisorShares STAR Global Buy-Write ETF
A hedge fund recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC increased its holdings in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,293 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.
AdvisorShares STAR Global Buy-Write ETF Price Performance
Shares of NYSEARCA VEGA traded down $0.06 during trading hours on Tuesday, hitting $52.87. 2,854 shares of the stock were exchanged, compared to its average volume of 5,538. The firm has a market capitalization of $93.57 million, a P/E ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a one year low of $47.16 and a one year high of $53.65. The company’s 50 day moving average is $52.99 and its 200 day moving average is $51.97.
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.
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