VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Decline in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 132,632 shares, a decline of 53.6% from the May 31st total of 286,062 shares. Based on an average trading volume of 197,017 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the company’s stock are short sold.

VanEck Agribusiness ETF Trading Down 0.3%

MOO traded down $0.21 during midday trading on Wednesday, reaching $78.99. The company’s stock had a trading volume of 86,282 shares, compared to its average volume of 366,427. VanEck Agribusiness ETF has a 1 year low of $69.32 and a 1 year high of $86.56. The stock’s 50-day moving average is $80.29 and its 200-day moving average is $80.47. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70.

Institutional Trading of VanEck Agribusiness ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in VanEck Agribusiness ETF during the 3rd quarter valued at approximately $25,000. Arax Advisory Partners bought a new stake in VanEck Agribusiness ETF in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter worth $27,000. EFG International AG purchased a new stake in shares of VanEck Agribusiness ETF in the fourth quarter worth $30,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of VanEck Agribusiness ETF during the second quarter valued at $35,000.

VanEck Agribusiness ETF Company Profile

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.