AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Short Interest Down 31.9% in July

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 945 shares, a decline of 31.9% from the June 30th total of 1,388 shares. Based on an average trading volume of 3,214 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of AdvisorShares STAR Global Buy-Write ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth about $41,000. JPMorgan Chase & Co. bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the second quarter valued at about $87,000. Osaic Holdings Inc. increased its position in shares of AdvisorShares STAR Global Buy-Write ETF by 508.2% during the second quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock valued at $119,000 after buying an additional 2,287 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth about $230,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the fourth quarter worth about $1,912,000.

AdvisorShares STAR Global Buy-Write ETF Price Performance

Shares of NYSEARCA:VEGA traded up $0.08 during trading on Friday, hitting $52.04. 2,386 shares of the company were exchanged, compared to its average volume of 4,865. The company has a market cap of $88.99 million, a PE ratio of 21.93 and a beta of 0.68. The stock has a 50 day moving average of $52.19 and a 200 day moving average of $50.85. AdvisorShares STAR Global Buy-Write ETF has a 52-week low of $46.16 and a 52-week high of $52.89.

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.