VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Significant Drop in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 276,439 shares, a decrease of 63.6% from the September 15th total of 758,454 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 319,182 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOO. Financial Enhancement Group LLC purchased a new position in shares of VanEck Agribusiness ETF during the 3rd quarter valued at approximately $2,331,000. Farther Finance Advisors LLC boosted its holdings in VanEck Agribusiness ETF by 3.2% during the third quarter. Farther Finance Advisors LLC now owns 5,060 shares of the company’s stock worth $412,000 after buying an additional 156 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in VanEck Agribusiness ETF by 26.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,004 shares of the company’s stock worth $950,000 after buying an additional 2,496 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in VanEck Agribusiness ETF during the second quarter worth $151,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in VanEck Agribusiness ETF during the second quarter worth $514,000.

VanEck Agribusiness ETF Trading Up 1.4%

Shares of MOO stock traded up $1.14 during trading hours on Tuesday, hitting $81.97. The company’s stock had a trading volume of 61,747 shares, compared to its average volume of 338,833. The stock has a market cap of $1.13 billion, a PE ratio of 19.69 and a beta of 0.72. VanEck Agribusiness ETF has a 12-month low of $69.32 and a 12-month high of $89.30. The company has a 50 day moving average of $83.81 and a 200 day moving average of $82.30.

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.