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

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a significant growth in short interest during 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. Approximately 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 currently 0.2 days.

AdvisorShares STAR Global Buy-Write ETF Price Performance

NYSEARCA VEGA opened at $53.30 on Wednesday. The company has a fifty day moving average of $52.51 and a two-hundred day moving average of $51.23. The company has a market capitalization of $91.14 million, a PE 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.

Hedge Funds Weigh In On AdvisorShares STAR Global Buy-Write ETF

Institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in AdvisorShares STAR Global Buy-Write ETF during the 4th quarter worth $41,000. JPMorgan Chase & Co. acquired a new position in AdvisorShares STAR Global Buy-Write ETF in the second quarter valued at $87,000. Osaic Holdings Inc. increased its stake in 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 period. OLD Mission Capital LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the fourth quarter valued at about $230,000. Finally, BAM Wealth Management LLC boosted its stake in shares of AdvisorShares STAR Global Buy-Write ETF by 4.1% during the second quarter. BAM Wealth Management LLC now owns 17,293 shares of the company’s stock worth $909,000 after buying an additional 678 shares during the period.

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.