iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Significant Decline in Short Interest

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 50,697 shares, a drop of 18.6% from the January 15th total of 62,270 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,794 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 23,794 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional boosted its holdings in iShares MSCI Agriculture Producers ETF by 126.5% during the third quarter. CX Institutional now owns 974 shares of the company’s stock worth $38,000 after buying an additional 544 shares in the last quarter. BNP Paribas increased its holdings in iShares MSCI Agriculture Producers ETF by 5.6% in the second quarter. BNP Paribas now owns 13,007 shares of the company’s stock valued at $524,000 after buying an additional 685 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter valued at approximately $46,000. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock worth $3,479,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter worth approximately $665,000.

iShares MSCI Agriculture Producers ETF Stock Performance

NYSEARCA:VEGI traded up $0.26 during trading hours on Monday, hitting $45.85. The company’s stock had a trading volume of 34,390 shares, compared to its average volume of 24,476. iShares MSCI Agriculture Producers ETF has a 52-week low of $33.13 and a 52-week high of $46.51. The business’s 50-day moving average is $40.95 and its two-hundred day moving average is $40.00. The company has a market capitalization of $107.75 million, a PE ratio of 18.90 and a beta of 0.81.

About iShares MSCI Agriculture Producers ETF

The iShares MSCI Global Agriculture Producers ETF (VEGI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies that are sensitive to agricultural commodity prices. VEGI was launched on Jan 31, 2012 and is managed by BlackRock.