VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Strong Trading Volume – What’s Next?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) saw unusually-strong trading volume on Tuesday . Approximately 196,415 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 226,375 shares.The stock last traded at $76.8750 and had previously closed at $77.46.

VanEck Agribusiness ETF Stock Down 0.2%

The company has a 50 day moving average price of $73.40 and a 200-day moving average price of $73.47. The company has a market cap of $637.79 million, a P/E ratio of 19.69 and a beta of 0.88.

Hedge Funds Weigh In On VanEck Agribusiness ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOO. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Agribusiness ETF during the 2nd quarter valued at $53,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of VanEck Agribusiness ETF during the second quarter worth $397,000. Flow Traders U.S. LLC acquired a new stake in VanEck Agribusiness ETF during the second quarter valued at $1,982,000. Barry Investment Advisors LLC grew its stake in VanEck Agribusiness ETF by 2.8% in the second quarter. Barry Investment Advisors LLC now owns 62,267 shares of the company’s stock valued at $4,584,000 after purchasing an additional 1,686 shares in the last quarter. Finally, CWM LLC increased its position in VanEck Agribusiness ETF by 40.4% in the 2nd quarter. CWM LLC now owns 1,574 shares of the company’s stock worth $116,000 after purchasing an additional 453 shares during the last quarter.

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.