Short Interest in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Decreases By 87.1%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,308 shares, a decline of 87.1% from the May 31st total of 110,534 shares. Based on an average trading volume of 62,412 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

iShares MSCI Agriculture Producers ETF Price Performance

Shares of VEGI stock traded down $0.23 during trading hours on Friday, reaching $43.72. The stock had a trading volume of 13,825 shares, compared to its average volume of 67,762. The firm has a market capitalization of $153.02 million, a PE ratio of 18.90 and a beta of 0.66. The firm has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $43.60. iShares MSCI Agriculture Producers ETF has a twelve month low of $38.00 and a twelve month high of $47.27.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in iShares MSCI Agriculture Producers ETF during the first quarter worth approximately $27,000. Glenmede Trust Co. NA acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter valued at $40,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter valued at $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. bought a new stake in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter worth $665,000.

iShares MSCI Agriculture Producers ETF Company Profile

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.