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

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 62,270 shares, an increase of 535.2% from the December 31st total of 9,803 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 24,773 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 24,773 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VEGI. CX Institutional lifted its stake in iShares MSCI Agriculture Producers ETF by 126.5% during the third quarter. CX Institutional now owns 974 shares of the company’s stock worth $38,000 after purchasing an additional 544 shares during the last quarter. BNP Paribas raised its holdings in iShares MSCI Agriculture Producers ETF by 5.6% during the second quarter. BNP Paribas now owns 13,007 shares of the company’s stock worth $524,000 after purchasing an additional 685 shares in the last quarter. Red Tortoise LLC purchased a new stake in shares of iShares MSCI Agriculture Producers ETF during the 3rd quarter worth approximately $981,000. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF in the 2nd quarter valued at $2,304,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake 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 worth $3,479,000 after acquiring an additional 4,800 shares in the last quarter.

iShares MSCI Agriculture Producers ETF Stock Down 0.0%

NYSEARCA VEGI traded down $0.02 on Wednesday, hitting $42.56. 31,723 shares of the stock were exchanged, compared to its average volume of 23,351. iShares MSCI Agriculture Producers ETF has a fifty-two week low of $33.13 and a fifty-two week high of $42.72. The company has a 50-day moving average price of $39.62 and a 200-day moving average price of $39.67. The company has a market cap of $100.02 million, a PE ratio of 18.90 and a beta of 0.81.

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.