iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Update

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 14,308 shares, a drop of 87.1% from the May 31st total of 110,534 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 62,412 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VEGI. Nations Financial Group Inc. IA ADV purchased a new position in iShares MSCI Agriculture Producers ETF during the first quarter worth about $871,000. Flow Traders U.S. LLC lifted its holdings in shares of iShares MSCI Agriculture Producers ETF by 32.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 75,687 shares of the company’s stock worth $2,969,000 after acquiring an additional 18,452 shares during the period. Verity Asset Management Inc. purchased a new position in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter worth about $665,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of iShares MSCI Agriculture Producers ETF by 5.6% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock worth $3,479,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI Agriculture Producers ETF in the fourth quarter worth approximately $46,000.

iShares MSCI Agriculture Producers ETF Trading Up 0.3%

Shares of NYSEARCA VEGI traded up $0.11 during midday trading on Friday, reaching $44.06. 6,926 shares of the stock were exchanged, compared to its average volume of 67,700. The stock has a 50 day moving average price of $44.50 and a 200-day moving average price of $43.59. The company has a market capitalization of $154.21 million, a P/E 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.

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.