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

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 19,779 shares, a decline of 84.4% from the September 15th total of 126,733 shares. Based on an average daily trading volume, of 47,774 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $27,000. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF in the first quarter valued at $40,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in iShares MSCI Agriculture Producers ETF in the first quarter valued at $871,000.

iShares MSCI Agriculture Producers ETF Trading Down 2.4%

NYSEARCA:VEGI traded down $1.07 during mid-day trading on Friday, hitting $44.18. The stock had a trading volume of 24,160 shares, compared to its average volume of 60,133. The stock has a 50-day simple moving average of $46.32 and a two-hundred day simple moving average of $45.30. The company has a market capitalization of $165.68 million, a PE ratio of 18.90 and a beta of 0.68. iShares MSCI Agriculture Producers ETF has a twelve month low of $38.00 and a twelve month high of $49.64.

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.