AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 945 shares, a decline of 31.9% from the June 30th total of 1,388 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,214 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in VEGA. Steward Partners Investment Advisory LLC purchased a new position in shares of AdvisorShares STAR Global Buy-Write ETF during the 4th quarter worth $41,000. JPMorgan Chase & Co. bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF during the 2nd quarter valued at $87,000. Osaic Holdings Inc. increased its stake in shares of AdvisorShares STAR Global Buy-Write ETF by 508.2% in the 2nd 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. OLD Mission Capital LLC purchased a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth $230,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth $1,912,000.
AdvisorShares STAR Global Buy-Write ETF Stock Up 0.2%
NYSEARCA VEGA opened at $52.04 on Friday. The firm has a market capitalization of $88.99 million, a P/E ratio of 21.93 and a beta of 0.68. The company has a 50-day moving average price of $52.19 and a 200-day moving average price of $50.85. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $46.16 and a 52 week high of $52.89.
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.
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