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

VanEck Agribusiness ETF (NYSEARCA:MOOGet Free Report) saw strong trading volume on Friday . 1,275,886 shares traded hands during mid-day trading, an increase of 223% from the previous session’s volume of 394,538 shares.The stock last traded at $81.74 and had previously closed at $81.61.

VanEck Agribusiness ETF Trading Up 0.1%

The stock’s 50 day moving average price is $83.57 and its two-hundred day moving average price is $78.54. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.69 and a beta of 0.73.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new position in shares of VanEck Agribusiness ETF in the 3rd quarter valued at about $25,000. Arax Advisory Partners purchased a new position in shares of VanEck Agribusiness ETF in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of VanEck Agribusiness ETF in the 4th quarter valued at about $27,000. EFG International AG purchased a new position in shares of VanEck Agribusiness ETF in the 4th quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of VanEck Agribusiness ETF in the 2nd quarter valued at about $35,000.

About VanEck Agribusiness ETF

(Get Free Report)

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.

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