iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Short Interest Rises 380.0%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 126,733 shares, a growth of 380.0% from the August 31st total of 26,403 shares. Based on an average daily volume of 94,186 shares, the short-interest ratio is presently 1.3 days. Currently, 3.5% of the company’s stock are sold short.

iShares MSCI Agriculture Producers ETF Stock Down 0.8%

VEGI stock traded down $0.38 during trading on Friday, hitting $46.16. 16,258 shares of the company’s stock traded hands, compared to its average volume of 60,686. The firm has a market capitalization of $166.18 million, a P/E ratio of 18.90 and a beta of 0.67. The business has a fifty day simple moving average of $46.26 and a two-hundred day simple moving average of $45.27. iShares MSCI Agriculture Producers ETF has a 1 year low of $38.00 and a 1 year high of $49.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in iShares MSCI Agriculture Producers ETF in the first quarter worth $27,000. Glenmede Trust Co. NA acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $40,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter valued at $46,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter worth $871,000.

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.