VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Down 53.6% in June

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 132,632 shares, a decrease of 53.6% from the May 31st total of 286,062 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 197,017 shares, the days-to-cover ratio is presently 0.7 days.

VanEck Agribusiness ETF Price Performance

Shares of NYSEARCA MOO traded up $0.15 during midday trading on Tuesday, hitting $79.20. 96,053 shares of the company’s stock were exchanged, compared to its average volume of 368,705. VanEck Agribusiness ETF has a twelve month low of $69.32 and a twelve month high of $86.56. The company has a market cap of $1.10 billion, a PE ratio of 19.69 and a beta of 0.70. The firm’s fifty day simple moving average is $80.37 and its 200-day simple moving average is $80.43.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in shares of VanEck Agribusiness ETF by 67.2% during the 1st quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock worth $47,000 after buying an additional 225 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of VanEck Agribusiness ETF by 1,925.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,375 shares of the company’s stock valued at $370,000 after buying an additional 4,159 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of VanEck Agribusiness ETF in the 1st quarter valued at $64,000. Bank of America Corp DE grew its position in shares of VanEck Agribusiness ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock valued at $18,757,000 after buying an additional 6,004 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd raised its stake in VanEck Agribusiness ETF by 88.8% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 3,402 shares of the company’s stock worth $287,000 after acquiring an additional 1,600 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.