AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Short Interest Update

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,829 shares, a growth of 230.3% from the August 15th total of 1,462 shares. Based on an average trading volume of 7,821 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.7%

Shares of NYSEARCA VEGA traded up $0.35 during trading on Friday, reaching $52.86. The company had a trading volume of 10,589 shares, compared to its average volume of 5,197. The company’s fifty day moving average price is $52.73 and its 200-day moving average price is $51.48. 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 cap of $90.39 million, a P/E ratio of 21.93 and a beta of 0.68.

Institutional Trading of AdvisorShares STAR Global Buy-Write ETF

Several institutional investors have recently added to or reduced their stakes in VEGA. OLD Mission Capital LLC bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 4th quarter valued at about $230,000. CreativeOne Wealth LLC increased its holdings in AdvisorShares STAR Global Buy-Write ETF by 1.0% in the fourth 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. increased its holdings 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 worth $119,000 after purchasing an additional 2,287 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in AdvisorShares STAR Global Buy-Write ETF in the second quarter valued at approximately $87,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in AdvisorShares STAR Global Buy-Write ETF in the fourth quarter valued at approximately $41,000.

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.