Short Interest in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Decreases By 51.6%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 6,921 shares, a decrease of 51.6% from the June 30th total of 14,291 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 38,145 shares, the days-to-cover ratio is currently 0.2 days.

iShares MSCI Agriculture Producers ETF Stock Down 1.5%

VEGI traded down $0.69 during midday trading on Wednesday, hitting $45.58. The company had a trading volume of 32,441 shares, compared to its average volume of 64,724. iShares MSCI Agriculture Producers ETF has a 52 week low of $38.00 and a 52 week high of $47.27. The company has a market capitalization of $152.69 million, a price-to-earnings ratio of 18.90 and a beta of 0.66. The stock’s 50 day moving average price is $44.16 and its 200 day moving average price is $44.51.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in iShares MSCI Agriculture Producers ETF during the 1st quarter worth approximately $27,000. Glenmede Trust Co. NA bought a new stake in shares of iShares MSCI Agriculture Producers ETF during the first quarter valued at approximately $40,000. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter valued at approximately $46,000. Verity Asset Management Inc. acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter worth approximately $665,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth approximately $871,000.

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.