VanEck Agribusiness ETF (NYSEARCA:MOO) Stock Short Interest Report for September

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 276,439 shares, a drop of 63.6% from the September 15th total of 758,454 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 319,182 shares, the days-to-cover ratio is currently 0.9 days.

VanEck Agribusiness ETF Stock Up 0.3%

NYSEARCA:MOO traded up $0.21 during trading hours on Wednesday, reaching $82.18. The company had a trading volume of 246,603 shares, compared to its average volume of 338,364. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $89.30. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 19.69 and a beta of 0.72. The business’s 50-day simple moving average is $83.83 and its two-hundred day simple moving average is $82.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of VanEck Agribusiness ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock worth $18,757,000 after purchasing an additional 6,004 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in VanEck Agribusiness ETF during the 1st quarter valued at $11,613,000. Royal Bank of Canada raised its holdings in VanEck Agribusiness ETF by 429.2% during the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock worth $7,086,000 after buying an additional 68,010 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in VanEck Agribusiness ETF during the first quarter worth $5,835,000. Finally, ABLE Financial Group LLC acquired a new position in VanEck Agribusiness ETF during the third quarter worth $5,680,000.

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.