AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,718 shares, an increase of 280.8% from the September 30th total of 1,239 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,485 shares, the days-to-cover ratio is presently 0.6 days.
AdvisorShares STAR Global Buy-Write ETF Stock Performance
VEGA traded up $0.02 on Wednesday, hitting $52.59. The company had a trading volume of 4,359 shares, compared to its average volume of 5,652. The stock has a fifty day moving average price of $52.81 and a 200-day moving average price of $51.46. AdvisorShares STAR Global Buy-Write ETF has a 12-month low of $47.16 and a 12-month high of $53.65. The stock has a market capitalization of $93.62 million, a price-to-earnings ratio of 21.93 and a beta of 0.69.
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 boosted its position in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 17,293 shares of the company’s stock after acquiring an additional 678 shares during the quarter. BAM Wealth Management LLC owned about 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 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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