iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Short Interest Rises 380.0%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 126,733 shares, a growth of 380.0% from the August 31st total of 26,403 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 94,186 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VEGI. Nations Financial Group Inc. IA ADV purchased a new stake in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter worth about $871,000. Commonwealth Retirement Investments LLC purchased a new position in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter valued at about $46,000. Glenmede Trust Co. NA acquired a new position in iShares MSCI Agriculture Producers ETF in the 1st quarter worth about $40,000. Finally, Sound Income Strategies LLC acquired a new position in iShares MSCI Agriculture Producers ETF in the 1st quarter worth about $27,000.

iShares MSCI Agriculture Producers ETF Stock Down 0.5%

Shares of VEGI traded down $0.25 during mid-day trading on Friday, reaching $46.29. The company had a trading volume of 37,880 shares, compared to its average volume of 60,806. The stock has a market capitalization of $166.64 million, a P/E ratio of 18.90 and a beta of 0.67. iShares MSCI Agriculture Producers ETF has a 52-week low of $38.00 and a 52-week high of $49.64. The stock has a 50 day moving average of $46.29 and a two-hundred day moving average of $45.28.

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.