iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Large Growth in Short Interest

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 29,576 shares, a growth of 327.3% from the July 15th total of 6,921 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 56,523 shares, the days-to-cover ratio is presently 0.5 days.

iShares MSCI Agriculture Producers ETF Stock Performance

VEGI traded down $0.28 on Thursday, hitting $44.56. 12,933 shares of the company were exchanged, compared to its average volume of 61,609. The firm has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $44.80. iShares MSCI Agriculture Producers ETF has a 12 month low of $38.00 and a 12 month high of $47.27. The stock has a market capitalization of $147.05 million, a PE ratio of 18.90 and a beta of 0.66.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A number of institutional investors have recently made changes to their positions in VEGI. Sound Income Strategies LLC bought a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter valued at approximately $27,000. Glenmede Trust Co. NA bought a new stake in iShares MSCI Agriculture Producers ETF in the first quarter valued at $40,000. Commonwealth Retirement Investments LLC purchased a new position in iShares MSCI Agriculture Producers ETF during the 4th quarter valued at $46,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in 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 valued at $3,479,000 after purchasing an additional 4,800 shares during the period. Finally, Verity Asset Management Inc. purchased a new position in iShares MSCI Agriculture Producers ETF during the 4th quarter valued at $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.