VanEck Agribusiness ETF (NYSEARCA:MOO – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 48,431 shares, a decline of 56.3% from the April 15th total of 110,806 shares. Based on an average daily volume of 342,193 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.
VanEck Agribusiness ETF Trading Down 1.0%
MOO traded down $0.81 on Friday, hitting $81.16. 294,424 shares of the company’s stock were exchanged, compared to its average volume of 418,193. VanEck Agribusiness ETF has a fifty-two week low of $69.32 and a fifty-two week high of $86.56. The firm has a 50-day moving average price of $83.28 and a 200-day moving average price of $78.89. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 19.69 and a beta of 0.73.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc purchased a new position in shares of VanEck Agribusiness ETF during the 3rd quarter worth $25,000. Arax Advisory Partners purchased a new position in shares of VanEck Agribusiness ETF during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of VanEck Agribusiness ETF during the 4th quarter worth $27,000. EFG International AG purchased a new position in shares of VanEck Agribusiness ETF during the 4th quarter worth $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of VanEck Agribusiness ETF during the 2nd quarter worth $35,000.
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.
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