VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Significant Drop in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 48,431 shares, a decrease of 56.3% from the April 15th total of 110,806 shares. Based on an average daily trading volume, of 342,193 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

VanEck Agribusiness ETF Stock Down 1.0%

NYSEARCA MOO traded down $0.81 during trading hours on Friday, hitting $81.16. The company’s stock had a trading volume of 294,424 shares, compared to its average volume of 418,193. The stock has a fifty day moving average of $83.28 and a 200 day moving average of $78.86. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $86.56. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.69 and a beta of 0.73.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Several large investors have recently bought and sold shares of the business. UBS Group AG raised its position in shares of VanEck Agribusiness ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 175,120 shares of the company’s stock valued at $12,863,000 after acquiring an additional 14,490 shares during the period. Retirement Financial Solutions LLC acquired a new position in VanEck Agribusiness ETF during the first quarter valued at approximately $11,613,000. Cetera Investment Advisers increased 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 purchasing an additional 1,650 shares in the last quarter. Krilogy Financial LLC bought a new stake in VanEck Agribusiness ETF in the fourth quarter valued at approximately $6,724,000. Finally, M&T Bank Corp increased its stake in VanEck Agribusiness ETF by 648.5% in the fourth quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock valued at $5,629,000 after purchasing an additional 66,998 shares in the last quarter.

VanEck Agribusiness ETF Company Profile

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.