AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,718 shares, an increase of 280.8% from the September 30th total of 1,239 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 7,485 shares, the days-to-cover ratio is currently 0.6 days.
AdvisorShares STAR Global Buy-Write ETF Trading Down 1.0%
VEGA stock traded down $0.52 during mid-day trading on Friday, reaching $52.13. The company’s stock had a trading volume of 242 shares, compared to its average volume of 5,654. 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 is $52.78 and its two-hundred day moving average is $51.48. The stock has a market cap of $100.60 million, a PE ratio of 21.93 and a beta of 0.69.
Hedge Funds Weigh In On AdvisorShares STAR Global Buy-Write ETF
A hedge fund recently raised its stake in AdvisorShares STAR Global Buy-Write ETF stock. BAM Wealth Management LLC grew its position in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA – Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,293 shares of the company’s stock after buying an additional 678 shares during the period. BAM Wealth Management LLC owned 1.01% of AdvisorShares STAR Global Buy-Write ETF worth $909,000 as of its most recent SEC filing.
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.
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