VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Drop in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 54,843 shares, a decrease of 76.7% from the July 30th total of 234,982 shares. Based on an average daily volume of 184,427 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

VanEck Agribusiness ETF Stock Down 0.9%

VanEck Agribusiness ETF stock traded down $0.80 during trading hours on Thursday, hitting $84.27. The stock had a trading volume of 529,480 shares, compared to its average volume of 332,065. The business’s 50 day simple moving average is $81.32 and its 200-day simple moving average is $82.16. VanEck Agribusiness ETF has a one year low of $69.32 and a one year high of $86.56. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 19.69 and a beta of 0.70.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Retirement Financial Solutions LLC acquired a new stake in shares of VanEck Agribusiness ETF during the first quarter worth $11,613,000. Keudell Morrison Wealth Management bought a new stake in VanEck Agribusiness ETF during the first quarter valued at $5,835,000. Royal Bank of Canada boosted its position in VanEck Agribusiness ETF by 429.2% during the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock valued at $7,086,000 after acquiring an additional 68,010 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in VanEck Agribusiness ETF during the 1st quarter worth about $2,970,000. Finally, Jane Street Group LLC raised its position in shares of VanEck Agribusiness ETF by 745.5% in the 2nd quarter. Jane Street Group LLC now owns 39,357 shares of the company’s stock worth $2,897,000 after acquiring an additional 34,702 shares in the last quarter.

VanEck Agribusiness ETF Company Profile

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.