VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Update

VanEck Agribusiness ETF (NYSEARCA:MOO) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 161,786 shares, a growth of 234.1% from the April 30th total of 48,431 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 637,916 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On VanEck Agribusiness ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MOO. IFP Advisors Inc purchased a new stake in shares of VanEck Agribusiness ETF in the third quarter valued at $25,000. Arax Advisory Partners purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at $27,000. EFG International AG purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter valued at $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of VanEck Agribusiness ETF in the second quarter valued at $35,000.

VanEck Agribusiness ETF Price Performance

VanEck Agribusiness ETF stock traded down $0.57 during mid-day trading on Friday, hitting $79.73. 150,645 shares of the company were exchanged, compared to its average volume of 401,010. The business’s 50 day simple moving average is $82.81 and its two-hundred day simple moving average is $79.48. The company has a market capitalization of $1.11 billion, a P/E ratio of 19.69 and a beta of 0.73. VanEck Agribusiness ETF has a 12-month low of $69.32 and a 12-month high of $86.56.

About VanEck Agribusiness ETF

Market Vectors Agribusiness ETF (the Fund) replicates as closely as possible the price and yield performance of the DAXglobal Agribusiness Index (DXAG). DXAG, calculated by Deutsche Borse AG, is a modified market capitalization-weighted index consisting of publicly traded companies engaged in the agriculture business that are traded on global exchanges. DXAG provides exposure to companies worldwide that derive at least 50% of their revenues from agriculture business. Companies eligible for inclusion in DXAG should have market capitalization exceeding $150 million; should have worldwide daily average trading volume of at least $1 million over past six months and in each of the past two months, and should have maintained monthly trading volume of 250,000 shares over past six months.