iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Up 202.8% in May

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGIGet Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 48,667 shares, a growth of 202.8% from the April 30th total of 16,073 shares. Based on an average daily volume of 71,685 shares, the short-interest ratio is presently 0.7 days. Currently, 1.4% of the company’s stock are short sold.

iShares MSCI Agriculture Producers ETF Stock Down 0.7%

NYSEARCA VEGI opened at $43.95 on Friday. iShares MSCI Agriculture Producers ETF has a 12-month low of $38.00 and a 12-month high of $47.27. The company has a market capitalization of $153.83 million, a PE ratio of 18.90 and a beta of 0.69. The firm’s 50 day moving average is $45.18 and its 200-day moving average is $42.95.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in iShares MSCI Agriculture Producers ETF during the first quarter worth $27,000. Glenmede Trust Co. NA bought a new position in iShares MSCI Agriculture Producers ETF during the first quarter worth $40,000. Commonwealth Retirement Investments LLC bought a new position in iShares MSCI Agriculture Producers ETF during the fourth quarter worth $46,000. Verity Asset Management Inc. bought a new position in iShares MSCI Agriculture Producers ETF during the fourth quarter worth $665,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in iShares MSCI Agriculture Producers ETF during the first quarter worth $871,000.

iShares MSCI Agriculture Producers ETF Company Profile

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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.

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