iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Up 114.6% in April

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 16,073 shares, a growth of 114.6% from the April 15th total of 7,491 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,172 shares, the days-to-cover ratio is presently 0.2 days.

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 stock. Sound Income Strategies LLC bought a new position in iShares MSCI Agriculture Producers ETF in the 1st quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI Agriculture Producers ETF in the fourth quarter valued at approximately $46,000. Verity Asset Management Inc. bought a new stake in shares of iShares MSCI Agriculture Producers ETF during the fourth quarter worth $665,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the first quarter worth $871,000. Finally, Flow Traders U.S. LLC increased its holdings in shares of iShares MSCI Agriculture Producers ETF by 32.2% during the third quarter. Flow Traders U.S. LLC now owns 75,687 shares of the company’s stock worth $2,969,000 after buying an additional 18,452 shares in the last quarter.

iShares MSCI Agriculture Producers ETF Trading Down 1.1%

Shares of NYSEARCA VEGI opened at $45.03 on Friday. The company has a market cap of $157.61 million, a price-to-earnings ratio of 18.90 and a beta of 0.69. iShares MSCI Agriculture Producers ETF has a 12 month low of $38.00 and a 12 month high of $47.27. The stock has a 50-day moving average price of $45.43 and a two-hundred day moving average price of $42.57.

iShares MSCI Agriculture Producers ETF Company Profile

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.