AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) Short Interest Down 83.9% in June

AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,333 shares, a decrease of 83.9% from the May 31st total of 8,289 shares. Based on an average daily trading volume, of 6,219 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

AdvisorShares STAR Global Buy-Write ETF Stock Down 0.2%

NYSEARCA VEGA traded down $0.08 during trading on Friday, hitting $51.86. 7,695 shares of the stock traded hands, compared to its average volume of 5,100. AdvisorShares STAR Global Buy-Write ETF has a 12-month low of $45.83 and a 12-month high of $52.89. The firm has a 50-day simple moving average of $51.83 and a 200-day simple moving average of $50.41. The company has a market capitalization of $84.53 million, a P/E ratio of 21.93 and a beta of 0.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. CreativeOne Wealth LLC increased its position 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 during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in AdvisorShares STAR Global Buy-Write ETF during the fourth quarter valued at $1,912,000. OLD Mission Capital LLC purchased a new position in shares of AdvisorShares STAR Global Buy-Write ETF in the 4th quarter worth $230,000. Osaic Holdings Inc. grew 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 buying an additional 2,287 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of AdvisorShares STAR Global Buy-Write ETF in the 2nd quarter worth about $87,000.

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.