VanEck Agribusiness ETF (NYSEARCA:MOO) Stock Short Interest Declines 63.6%

VanEck Agribusiness ETF (NYSEARCA:MOO) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 276,439 shares, a decline of 63.6% from the September 15th total of 758,454 shares. Based on an average trading volume of 319,182 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.0% of the company’s stock are short sold.

VanEck Agribusiness ETF Stock Up 0.3%

Shares of NYSEARCA MOO traded up $0.23 during trading on Monday, reaching $80.69. The company had a trading volume of 67,784 shares, compared to its average volume of 340,075. VanEck Agribusiness ETF has a 12-month low of $69.32 and a 12-month high of $89.30. The business’s 50-day moving average is $83.80 and its 200 day moving average is $82.31. The stock has a market cap of $1.12 billion, a PE ratio of 19.69 and a beta of 0.72.

Institutional Trading of VanEck Agribusiness ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Enhancement Group LLC bought a new position in shares of VanEck Agribusiness ETF in the third quarter worth approximately $2,331,000. Farther Finance Advisors LLC lifted its position in VanEck Agribusiness ETF by 3.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,060 shares of the company’s stock valued at $412,000 after acquiring an additional 156 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in VanEck Agribusiness ETF by 26.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,004 shares of the company’s stock valued at $950,000 after purchasing an additional 2,496 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in shares of VanEck Agribusiness ETF in the 2nd quarter worth $151,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of VanEck Agribusiness ETF in the 2nd quarter worth $514,000.

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.