VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Update

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 758,454 shares, an increase of 113.6% from the August 31st total of 355,146 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 581,603 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its stake in VanEck Agribusiness ETF by 26.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,004 shares of the company’s stock valued at $950,000 after buying an additional 2,496 shares during the period. Cherry Tree Wealth Management LLC bought a new position in shares of VanEck Agribusiness ETF during the 2nd quarter worth approximately $151,000. Integrated Wealth Concepts LLC acquired a new stake in shares of VanEck Agribusiness ETF during the 2nd quarter worth approximately $514,000. Corient Private Wealth LP grew its position in shares of VanEck Agribusiness ETF by 63.6% during the 2nd quarter. Corient Private Wealth LP now owns 12,697 shares of the company’s stock worth $1,006,000 after buying an additional 4,934 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Agribusiness ETF during the 2nd quarter worth approximately $86,000.

VanEck Agribusiness ETF Trading Down 1.1%

Shares of VanEck Agribusiness ETF stock opened at $82.13 on Wednesday. The business has a 50-day moving average price of $84.07 and a two-hundred day moving average price of $82.40. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $89.30. The company has a market cap of $1.21 billion, a P/E ratio of 19.69 and a beta of 0.71.

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.