VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Up 547.6% in August

VanEck Agribusiness ETF (NYSEARCA:MOO) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 355,146 shares, a growth of 547.6% from the August 15th total of 54,843 shares. Based on an average daily trading volume, of 395,860 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its holdings in VanEck Agribusiness ETF by 3.0% during the 1st quarter. Arkadios Wealth Advisors now owns 7,407 shares of the company’s stock valued at $626,000 after purchasing an additional 213 shares during the last quarter. Gould Asset Management LLC CA increased its holdings in shares of VanEck Agribusiness ETF by 6.5% during the first quarter. Gould Asset Management LLC CA now owns 3,662 shares of the company’s stock worth $309,000 after buying an additional 225 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of VanEck Agribusiness ETF by 67.2% during the first quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock worth $47,000 after buying an additional 225 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of VanEck Agribusiness ETF by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 40,398 shares of the company’s stock valued at $2,974,000 after acquiring an additional 228 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of VanEck Agribusiness ETF by 3.7% in the 1st quarter. Private Advisor Group LLC now owns 6,808 shares of the company’s stock worth $575,000 after acquiring an additional 246 shares in the last quarter.

VanEck Agribusiness ETF Price Performance

VanEck Agribusiness ETF stock opened at $86.79 on Friday. VanEck Agribusiness ETF has a fifty-two week low of $69.32 and a fifty-two week high of $89.30. The firm’s 50 day simple moving average is $83.24 and its 200-day simple moving average is $82.32. The company has a market cap of $1.04 billion, a P/E ratio of 19.69 and a beta of 0.71.

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.