Short Interest in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Rises By 1,798.7%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a significant growth in short interest in 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 5,864 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On AdvisorShares STAR Global Buy-Write ETF

Hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the fourth quarter valued at approximately $230,000. CreativeOne Wealth LLC increased 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 worth $68,748,000 after purchasing an additional 14,307 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of AdvisorShares STAR Global Buy-Write ETF by 508.2% in the second 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. JPMorgan Chase & Co. purchased a new stake in AdvisorShares STAR Global Buy-Write ETF in the 2nd quarter valued at about $87,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the fourth quarter valued at approximately $41,000.

AdvisorShares STAR Global Buy-Write ETF Price Performance

Shares of VEGA traded up $0.23 during trading hours on Tuesday, hitting $53.30. The stock had a trading volume of 6,944 shares, compared to its average volume of 4,980. The firm has a 50 day simple moving average of $52.51 and a 200-day simple moving average of $51.23. The firm has a market capitalization of $91.14 million, a P/E ratio of 21.93 and a beta of 0.68. AdvisorShares STAR Global Buy-Write ETF has a 1-year low of $46.91 and a 1-year high of $53.65.

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.