AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Stock Short Interest Falls 60.0%

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,239 shares, a drop of 60.0% from the September 15th total of 3,094 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,640 shares, the short-interest ratio is presently 0.1 days.

AdvisorShares STAR Global Buy-Write ETF Price Performance

Shares of NYSEARCA VEGA traded down $0.44 during midday trading on Wednesday, reaching $52.45. 9,683 shares of the stock were exchanged, compared to its average volume of 5,558. The business has a 50-day simple moving average of $52.99 and a two-hundred day simple moving average of $52.00. The company has a market capitalization of $92.84 million, a price-to-earnings ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a 12 month low of $47.16 and a 12 month high of $53.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC raised its holdings in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,293 shares of the company’s stock after acquiring an additional 678 shares during the period. BAM Wealth Management LLC owned about 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

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.