iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Down 51.6% in July

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGIGet Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 6,921 shares, a drop of 51.6% from the June 30th total of 14,291 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 38,145 shares, the days-to-cover ratio is presently 0.2 days.

iShares MSCI Agriculture Producers ETF Trading Up 1.0%

Shares of NYSEARCA:VEGI traded up $0.47 during trading on Tuesday, hitting $46.09. 34,424 shares of the company were exchanged, compared to its average volume of 64,751. iShares MSCI Agriculture Producers ETF has a fifty-two week low of $38.00 and a fifty-two week high of $47.27. The stock has a market cap of $154.40 million, a price-to-earnings ratio of 18.90 and a beta of 0.66. The firm has a fifty day moving average price of $44.12 and a two-hundred day moving average price of $44.46.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

A number of institutional investors have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in 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 acquiring an additional 4,800 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of iShares MSCI Agriculture Producers ETF in the 4th quarter valued at about $665,000. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter worth about $46,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter valued at about $871,000. Finally, Sound Income Strategies LLC bought a new stake in shares of iShares MSCI Agriculture Producers ETF in the 1st quarter valued at about $27,000.

iShares MSCI Agriculture Producers ETF Company Profile

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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.

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