VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Up 547.6% in August

VanEck Agribusiness ETF (NYSEARCA:MOO) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 355,146 shares, an increase of 547.6% from the August 15th total of 54,843 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 395,860 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On VanEck Agribusiness ETF

A number of large investors have recently bought and sold shares of MOO. JPMorgan Chase & Co. boosted its position in VanEck Agribusiness ETF by 18.0% during the second quarter. JPMorgan Chase & Co. now owns 11,741 shares of the company’s stock worth $864,000 after purchasing an additional 1,795 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of VanEck Agribusiness ETF by 38.8% during the 2nd quarter. Baird Financial Group Inc. now owns 31,279 shares of the company’s stock worth $2,303,000 after buying an additional 8,745 shares during the period. Cerity Partners LLC purchased a new position in shares of VanEck Agribusiness ETF during the 2nd quarter valued at approximately $345,000. Raymond James Financial Inc. lifted its position in shares of VanEck Agribusiness ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 31,336 shares of the company’s stock valued at $2,307,000 after buying an additional 506 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in VanEck Agribusiness ETF by 745.5% in the 2nd quarter. Jane Street Group LLC now owns 39,357 shares of the company’s stock valued at $2,897,000 after acquiring an additional 34,702 shares during the period.

VanEck Agribusiness ETF Trading Down 0.4%

Shares of VanEck Agribusiness ETF stock traded down $0.31 during trading hours on Friday, reaching $86.48. The stock had a trading volume of 399,662 shares, compared to its average volume of 347,711. The stock’s 50 day moving average is $83.36 and its 200 day moving average is $82.35. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.69 and a beta of 0.71. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $89.30.

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.