AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Shares Shorted: Short Interest Down 92.8% in October

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 338 shares, a decrease of 92.8% from the October 15th total of 4,718 shares. Based on an average daily volume of 7,058 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

AdvisorShares STAR Global Buy-Write ETF Price Performance

VEGA traded down $0.23 on Tuesday, reaching $51.84. 4,711 shares of the stock were exchanged, compared to its average volume of 5,644. The firm has a market capitalization of $93.31 million, a PE ratio of 21.93 and a beta of 0.69. AdvisorShares STAR Global Buy-Write ETF has a fifty-two week low of $47.16 and a fifty-two week high of $53.65. The company’s 50-day moving average price is $52.60 and its 200 day moving average price is $51.55.

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

An institutional investor recently raised its position in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC lifted its position in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,293 shares of the company’s stock after purchasing 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 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.