Short Interest in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Rises By 127.1%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 110,534 shares, a growth of 127.1% from the May 14th total of 48,667 shares. Based on an average daily volume of 55,409 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.2% of the company’s stock are sold short.

iShares MSCI Agriculture Producers ETF Price Performance

VEGI stock opened at $43.94 on Monday. iShares MSCI Agriculture Producers ETF has a 52-week low of $38.00 and a 52-week high of $47.27. The stock’s 50 day moving average is $45.03 and its two-hundred day moving average is $43.34. The company has a market capitalization of $153.79 million, a PE ratio of 18.90 and a beta of 0.66.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

A number of institutional investors have recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of iShares MSCI Agriculture Producers ETF by 5.6% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock valued at $3,479,000 after acquiring an additional 4,800 shares during the last quarter. Flow Traders U.S. LLC increased its holdings in shares of iShares MSCI Agriculture Producers ETF by 32.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 75,687 shares of the company’s stock valued at $2,969,000 after acquiring an additional 18,452 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter valued at approximately $871,000. Verity Asset Management Inc. bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter valued at approximately $665,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter valued at approximately $46,000.

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.