Short Interest in VanEck Agribusiness ETF (NYSEARCA:MOO) Increases By 234.1%

VanEck Agribusiness ETF (NYSEARCA:MOO) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 161,786 shares, a growth of 234.1% from the April 30th total of 48,431 shares. Based on an average daily trading volume, of 637,916 shares, the short-interest ratio is presently 0.3 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Trading of VanEck Agribusiness ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MOO. GPS Wealth Strategies Group LLC grew its stake 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 valued at $36,000 after acquiring an additional 176 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of VanEck Agribusiness ETF by 3.0% in the 1st quarter. Arkadios Wealth Advisors now owns 7,407 shares of the company’s stock valued at $626,000 after buying an additional 213 shares in the last quarter. Gould Asset Management LLC CA grew its stake in shares of VanEck Agribusiness ETF by 6.5% in the 1st quarter. Gould Asset Management LLC CA now owns 3,662 shares of the company’s stock valued at $309,000 after buying an additional 225 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of VanEck Agribusiness ETF by 67.2% in the 1st quarter. Parallel Advisors LLC now owns 560 shares of the company’s stock valued at $47,000 after buying an additional 225 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of VanEck Agribusiness ETF by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,398 shares of the company’s stock valued at $2,974,000 after buying an additional 228 shares in the last quarter.

VanEck Agribusiness ETF Price Performance

Shares of MOO traded down $0.84 during midday trading on Friday, reaching $79.46. The stock had a trading volume of 259,828 shares, compared to its average volume of 402,099. VanEck Agribusiness ETF has a 52 week low of $69.32 and a 52 week high of $86.56. The firm’s 50 day moving average price is $82.73 and its 200-day moving average price is $79.48. The company has a market capitalization of $1.10 billion, a P/E ratio of 19.69 and a beta of 0.73.

About VanEck Agribusiness ETF

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.