iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Update

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 110,534 shares, a growth of 127.1% from the May 14th total of 48,667 shares. Based on an average daily trading volume, of 55,409 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in iShares MSCI Agriculture Producers ETF during the first quarter valued at approximately $27,000. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF in the first quarter worth $40,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI Agriculture Producers ETF in the fourth quarter worth $46,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock worth $3,479,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Verity Asset Management Inc. bought a new position in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter worth $665,000.

iShares MSCI Agriculture Producers ETF Trading Up 1.4%

Shares of VEGI opened at $43.94 on Friday. The stock has a market cap of $153.79 million, a P/E ratio of 18.90 and a beta of 0.66. iShares MSCI Agriculture Producers ETF has a 1 year low of $38.00 and a 1 year high of $47.27. The stock’s 50-day moving average price is $45.03 and its two-hundred day moving average price is $43.30.

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.