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

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

Institutional Trading of VanEck Agribusiness ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in VanEck Agribusiness ETF by 2.8% during the 1st quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock valued at $18,757,000 after purchasing an additional 6,004 shares during the period. UBS Group AG lifted its holdings in VanEck Agribusiness ETF by 9.0% in the third quarter. UBS Group AG now owns 175,120 shares of the company’s stock valued at $12,863,000 after buying an additional 14,490 shares during the period. Retirement Financial Solutions LLC bought a new position in VanEck Agribusiness ETF in the first quarter valued at approximately $11,613,000. Cetera Investment Advisers boosted its stake in VanEck Agribusiness ETF by 1.9% in the fourth quarter. Cetera Investment Advisers now owns 89,536 shares of the company’s stock valued at $6,517,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in VanEck Agribusiness ETF by 429.2% during the 1st quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock worth $7,086,000 after acquiring an additional 68,010 shares during the period.

VanEck Agribusiness ETF Trading Down 1.0%

Shares of NYSEARCA MOO opened at $86.79 on Friday. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $89.30. The company has a 50-day moving average of $83.24 and a two-hundred day moving average of $82.32. The company has a market cap of $1.04 billion, a PE 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.