iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Up 202.8% in May

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 48,667 shares, a growth of 202.8% from the April 30th total of 16,073 shares. Based on an average daily trading volume, of 71,685 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $27,000. Glenmede Trust Co. NA acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $40,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter worth $46,000. Verity Asset Management Inc. acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter worth $665,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $871,000.

iShares MSCI Agriculture Producers ETF Stock Performance

VEGI opened at $43.95 on Friday. iShares MSCI Agriculture Producers ETF has a fifty-two week low of $38.00 and a fifty-two week high of $47.27. The company has a market capitalization of $153.83 million, a P/E ratio of 18.90 and a beta of 0.69. The stock has a fifty day moving average of $45.18 and a 200-day moving average of $42.95.

iShares MSCI Agriculture Producers ETF Company Profile

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.