iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Up 535.2% in January

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 62,270 shares, an increase of 535.2% from the December 31st total of 9,803 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 24,773 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 24,773 shares, the short-interest ratio is currently 2.5 days. Currently, 2.6% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

A number of institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in iShares MSCI Agriculture Producers ETF during the 2nd quarter valued at about $2,304,000. Red Tortoise LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF in the third quarter worth $981,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock worth $3,479,000 after acquiring an additional 4,800 shares during the period. CX Institutional raised its stake in shares of iShares MSCI Agriculture Producers ETF by 126.5% in the third quarter. CX Institutional now owns 974 shares of the company’s stock valued at $38,000 after acquiring an additional 544 shares in the last quarter. Finally, BNP Paribas boosted its holdings in iShares MSCI Agriculture Producers ETF by 5.6% in the second quarter. BNP Paribas now owns 13,007 shares of the company’s stock valued at $524,000 after purchasing an additional 685 shares during the period.

iShares MSCI Agriculture Producers ETF Stock Down 0.0%

VEGI stock traded down $0.02 during mid-day trading on Wednesday, hitting $42.56. 31,723 shares of the company were exchanged, compared to its average volume of 23,351. The business has a fifty day simple moving average of $39.62 and a 200-day simple moving average of $39.67. The firm has a market capitalization of $100.02 million, a P/E ratio of 18.90 and a beta of 0.81. iShares MSCI Agriculture Producers ETF has a 12-month low of $33.13 and a 12-month high of $42.72.

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.