VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Decline in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 54,843 shares, a decrease of 76.7% from the July 30th total of 234,982 shares. Based on an average trading volume of 184,427 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of VanEck Agribusiness ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in VanEck Agribusiness ETF by 2.8% in the first 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 boosted 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 purchasing an additional 14,490 shares in the last quarter. Retirement Financial Solutions LLC acquired a new position in shares of VanEck Agribusiness ETF in the 1st quarter valued at $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 in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of VanEck Agribusiness ETF by 429.2% in the 1st quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock valued at $7,086,000 after purchasing an additional 68,010 shares during the period.

VanEck Agribusiness ETF Stock Up 0.9%

Shares of MOO traded up $0.72 during midday trading on Friday, reaching $84.99. The company had a trading volume of 346,707 shares, compared to its average volume of 332,156. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56. The stock has a market cap of $1.02 billion, a PE ratio of 19.69 and a beta of 0.70. The firm has a 50 day simple moving average of $81.63 and a 200-day simple moving average of $82.19.

About VanEck Agribusiness ETF

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.