VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Update

VanEck Agribusiness ETF (NYSEARCA:MOO) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 355,146 shares, a growth of 547.6% from the August 15th total of 54,843 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 395,860 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors raised its stake in VanEck Agribusiness ETF by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 7,407 shares of the company’s stock valued at $626,000 after purchasing an additional 213 shares in the last quarter. Gould Asset Management LLC CA grew its stake in VanEck Agribusiness ETF by 6.5% during the first quarter. Gould Asset Management LLC CA now owns 3,662 shares of the company’s stock worth $309,000 after buying an additional 225 shares in the last quarter. Parallel Advisors LLC increased its holdings in VanEck Agribusiness ETF by 67.2% in the 1st quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock valued at $47,000 after buying an additional 225 shares during the period. Ameriprise Financial Inc. increased its holdings in VanEck Agribusiness ETF by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,398 shares of the company’s stock valued at $2,974,000 after buying an additional 228 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of VanEck Agribusiness ETF by 3.7% in the 1st quarter. Private Advisor Group LLC now owns 6,808 shares of the company’s stock valued at $575,000 after buying an additional 246 shares in the last quarter.

VanEck Agribusiness ETF Price Performance

Shares of VanEck Agribusiness ETF stock traded down $0.31 on Friday, hitting $86.48. The company had a trading volume of 399,662 shares, compared to its average volume of 347,711. The firm has a market capitalization of $1.03 billion, a P/E ratio of 19.69 and a beta of 0.71. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $89.30. The stock has a 50-day moving average of $83.36 and a 200-day moving average of $82.35.

About VanEck Agribusiness ETF

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.