VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Strong Trading Volume – Here’s Why

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw unusually-high trading volume on Wednesday . 914,629 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 340,258 shares.The stock last traded at $87.91 and had previously closed at $87.58.

VanEck Agribusiness ETF Stock Up 0.2%

The firm has a fifty day simple moving average of $82.95 and a 200-day simple moving average of $82.31. The company has a market cap of $1.05 billion, a PE ratio of 19.69 and a beta of 0.71.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in VanEck Agribusiness ETF by 18.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,741 shares of the company’s stock valued at $864,000 after purchasing an additional 1,795 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of VanEck Agribusiness ETF by 38.8% in the second quarter. Baird Financial Group Inc. now owns 31,279 shares of the company’s stock valued at $2,303,000 after buying an additional 8,745 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of VanEck Agribusiness ETF during the second quarter worth about $345,000. Raymond James Financial Inc. boosted its stake in shares of VanEck Agribusiness ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 31,336 shares of the company’s stock worth $2,307,000 after buying an additional 506 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of VanEck Agribusiness ETF by 745.5% during the second quarter. Jane Street Group LLC now owns 39,357 shares of the company’s stock worth $2,897,000 after buying an additional 34,702 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.