VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Volume Increase – Here’s Why

Shares of VanEck Agribusiness ETF (NYSEARCA:MOOGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 212,777 shares changed hands during mid-day trading, an increase of 275% from the previous session’s volume of 56,699 shares.The stock last traded at $73.98 and had previously closed at $74.56.

VanEck Agribusiness ETF Trading Down 0.3%

The stock has a market cap of $605.90 million, a P/E ratio of 19.69 and a beta of 0.88. The business has a 50-day simple moving average of $72.47 and a 200 day simple moving average of $73.40.

Institutional Trading of VanEck Agribusiness ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOO. IFP Advisors Inc acquired a new stake in shares of VanEck Agribusiness ETF during the third quarter worth $25,000. Geneos Wealth Management Inc. bought a new stake in VanEck Agribusiness ETF during the second quarter valued at $35,000. GPS Wealth Strategies Group LLC grew its holdings in VanEck Agribusiness ETF by 55.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 495 shares of the company’s stock worth $36,000 after acquiring an additional 176 shares during the period. Farther Finance Advisors LLC raised its position in shares of VanEck Agribusiness ETF by 370.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 400 shares in the last quarter. Finally, Wormser Freres Gestion raised its position in shares of VanEck Agribusiness ETF by 100.0% in the 1st quarter. Wormser Freres Gestion now owns 700 shares of the company’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter.

About VanEck Agribusiness ETF

(Get Free Report)

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.

Further Reading

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