iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Large Growth in Short Interest

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 29,576 shares, a growth of 327.3% from the July 15th total of 6,921 shares. Based on an average daily volume of 56,523 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the company’s shares are short sold.

iShares MSCI Agriculture Producers ETF Trading Down 0.5%

Shares of NYSEARCA:VEGI traded down $0.21 during trading on Wednesday, reaching $44.63. 1,412 shares of the company traded hands, compared to its average volume of 61,857. The firm has a market capitalization of $147.28 million, a price-to-earnings ratio of 18.90 and a beta of 0.66. iShares MSCI Agriculture Producers ETF has a 52-week low of $38.00 and a 52-week high of $47.27. The business’s fifty day moving average is $44.28 and its 200-day moving average is $44.78.

Institutional Investors Weigh In On iShares MSCI Agriculture Producers ETF

Institutional investors have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock worth $3,479,000 after purchasing an additional 4,800 shares during the period. Verity Asset Management Inc. bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter worth approximately $665,000. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter worth approximately $46,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter valued at approximately $871,000. Finally, Sound Income Strategies LLC bought a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter valued at approximately $27,000.

About iShares MSCI Agriculture Producers ETF

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.