VanEck Agribusiness ETF (NYSEARCA:MOO) Shares Shorted: Short Interest Up 113.6% in September

VanEck Agribusiness ETF (NYSEARCA:MOO) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 758,454 shares, an increase of 113.6% from the August 31st total of 355,146 shares. Based on an average daily volume of 581,603 shares, the days-to-cover ratio is currently 1.3 days. Currently, 5.2% of the company’s stock are sold short.

VanEck Agribusiness ETF Trading Down 1.1%

MOO stock traded down $0.95 during midday trading on Tuesday, hitting $82.13. 117,583 shares of the company’s stock were exchanged, compared to its average volume of 343,975. The firm has a 50 day moving average price of $84.07 and a 200-day moving average price of $82.41. VanEck Agribusiness ETF has a 12-month low of $69.32 and a 12-month high of $89.30. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.69 and a beta of 0.71.

Institutional Trading of VanEck Agribusiness ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of VanEck Agribusiness ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 221,975 shares of the company’s stock valued at $18,757,000 after acquiring an additional 6,004 shares during the last quarter. Retirement Financial Solutions LLC acquired a new stake in shares of VanEck Agribusiness ETF during the first quarter worth $11,613,000. Royal Bank of Canada raised its holdings in shares of VanEck Agribusiness ETF by 429.2% during the first quarter. Royal Bank of Canada now owns 83,855 shares of the company’s stock worth $7,086,000 after purchasing an additional 68,010 shares during the period. Keudell Morrison Wealth Management bought a new position in shares of VanEck Agribusiness ETF in the 1st quarter worth about $5,835,000. Finally, Mandatum Life Insurance Co Ltd lifted its position in shares of VanEck Agribusiness ETF by 5.0% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 63,377 shares of the company’s stock worth $5,355,000 after buying an additional 3,025 shares during the last quarter.

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.