VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Up 234.1% in May

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 161,786 shares, a growth of 234.1% from the April 30th total of 48,431 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 637,916 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of VanEck Agribusiness ETF

Several institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of VanEck Agribusiness ETF in the 1st quarter worth $64,000. Bank of America Corp DE grew its position in 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 valued at $18,757,000 after buying an additional 6,004 shares during the period. JTC Employer Solutions Trustee Ltd grew its position in VanEck Agribusiness ETF by 88.8% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 3,402 shares of the company’s stock valued at $287,000 after buying an additional 1,600 shares during the period. Arkadios Wealth Advisors grew its position in VanEck Agribusiness ETF by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 7,407 shares of the company’s stock valued at $626,000 after buying an additional 213 shares during the period. Finally, Royal Bank of Canada grew its position in VanEck Agribusiness ETF by 429.2% during the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock valued at $7,086,000 after buying an additional 68,010 shares during the period.

VanEck Agribusiness ETF Price Performance

Shares of NYSEARCA MOO traded down $0.84 during trading on Friday, hitting $79.46. The stock had a trading volume of 259,828 shares, compared to its average volume of 402,099. VanEck Agribusiness ETF has a 12 month low of $69.32 and a 12 month high of $86.56. The company has a market capitalization of $1.10 billion, a PE ratio of 19.69 and a beta of 0.73. The firm has a fifty day moving average of $82.73 and a two-hundred day moving average of $79.48.

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.