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

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 132,632 shares, a decline of 53.6% from the May 31st total of 286,062 shares. Approximately 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 Stock Performance

Shares of NYSEARCA MOO opened at $79.22 on Monday. The company has a fifty day moving average price of $80.47 and a 200 day moving average price of $80.38. The firm has a market cap of $1.10 billion, a PE ratio of 19.69 and a beta of 0.70. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of VanEck Agribusiness ETF by 2.8% during the first quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock worth $18,757,000 after buying an additional 6,004 shares in the last quarter. UBS Group AG raised its position in VanEck Agribusiness ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 175,120 shares of the company’s stock valued at $12,863,000 after buying an additional 14,490 shares during the last quarter. Retirement Financial Solutions LLC bought a new stake in VanEck Agribusiness ETF in the 1st quarter valued at approximately $11,613,000. Cetera Investment Advisers lifted its stake in VanEck Agribusiness ETF by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 89,536 shares of the company’s stock valued at $6,517,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Krilogy Financial LLC bought a new stake in VanEck Agribusiness ETF in the 4th quarter valued at approximately $6,724,000.

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.