Short Interest in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Grows By 202.8%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 48,667 shares, a growth of 202.8% from the April 30th total of 16,073 shares. Based on an average trading volume of 71,685 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in iShares MSCI Agriculture Producers ETF during the 1st quarter valued at $27,000. Glenmede Trust Co. NA bought a new stake in iShares MSCI Agriculture Producers ETF in the 1st quarter worth about $40,000. Commonwealth Retirement Investments LLC bought a new stake in iShares MSCI Agriculture Producers ETF in the 4th quarter worth about $46,000. Verity Asset Management Inc. bought a new stake in iShares MSCI Agriculture Producers ETF in the 4th quarter worth about $665,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in iShares MSCI Agriculture Producers ETF in the 1st quarter worth about $871,000.

iShares MSCI Agriculture Producers ETF Stock Down 0.7%

Shares of NYSEARCA:VEGI traded down $0.29 on Friday, hitting $43.95. 48,928 shares of the company traded hands, compared to its average volume of 71,067. iShares MSCI Agriculture Producers ETF has a 52 week low of $38.00 and a 52 week high of $47.27. The stock has a 50 day simple moving average of $45.18 and a 200-day simple moving average of $42.95. The company has a market cap of $153.83 million, a PE ratio of 18.90 and a beta of 0.69.

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.