VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Volume Increase – Should You Buy?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) saw strong trading volume on Friday . 1,275,886 shares traded hands during trading, an increase of 223% from the previous session’s volume of 394,538 shares.The stock last traded at $81.74 and had previously closed at $81.61.

VanEck Agribusiness ETF Price Performance

The business’s 50-day moving average price is $83.57 and its two-hundred day moving average price is $78.54. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.69 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in VanEck Agribusiness ETF during the third quarter valued at approximately $25,000. Arax Advisory Partners acquired a new position in VanEck Agribusiness ETF during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in VanEck Agribusiness ETF during the fourth quarter valued at approximately $27,000. EFG International AG acquired a new position in VanEck Agribusiness ETF during the fourth quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. acquired a new position in VanEck Agribusiness ETF during the second quarter valued at approximately $35,000.

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.