iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Stock Short Interest Falls 41.4%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 11,582 shares, a drop of 41.4% from the September 30th total of 19,779 shares. Based on an average daily trading volume, of 40,185 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of iShares MSCI Agriculture Producers ETF

A hedge fund recently bought a new position in iShares MSCI Agriculture Producers ETF stock. Glenmede Trust Co. NA acquired a new position in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 877 shares of the company’s stock, valued at approximately $40,000.

iShares MSCI Agriculture Producers ETF Price Performance

Shares of NYSEARCA:VEGI traded up $0.02 during mid-day trading on Monday, reaching $45.16. 31,338 shares of the company traded hands, compared to its average volume of 57,765. The company’s 50 day moving average price is $46.29 and its 200-day moving average price is $45.05. The firm has a market cap of $169.35 million, a PE ratio of 18.90 and a beta of 0.68. iShares MSCI Agriculture Producers ETF has a 52 week low of $38.08 and a 52 week high of $49.64.

iShares MSCI Agriculture Producers ETF Company Profile

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.