VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Down 76.7% in August

VanEck Agribusiness ETF (NYSEARCA:MOO) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 54,843 shares, a drop of 76.7% from the July 30th total of 234,982 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 184,427 shares, the short-interest ratio is currently 0.3 days.

VanEck Agribusiness ETF Stock Up 0.9%

VanEck Agribusiness ETF stock opened at $84.99 on Friday. VanEck Agribusiness ETF has a 52 week low of $69.32 and a 52 week high of $86.56. The company’s 50 day moving average price is $81.63 and its two-hundred day moving average price is $82.19. The stock has a market cap of $1.02 billion, a P/E ratio of 19.69 and a beta of 0.70.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MOO. IFP Advisors Inc purchased a new stake in shares of VanEck Agribusiness ETF during the 3rd quarter valued at $25,000. Arax Advisory Partners purchased a new position in shares of VanEck Agribusiness ETF in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in VanEck Agribusiness ETF during the fourth quarter valued at about $27,000. EFG International AG bought a new position in VanEck Agribusiness ETF during the fourth quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in VanEck Agribusiness ETF during the second quarter worth about $35,000.

About VanEck Agribusiness ETF

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.