VanEck Agribusiness ETF (NYSEARCA:MOO) Short Interest Down 56.3% in April

VanEck Agribusiness ETF (NYSEARCA:MOO) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 48,431 shares, a decrease of 56.3% from the April 15th total of 110,806 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 342,193 shares, the short-interest ratio is presently 0.1 days.

VanEck Agribusiness ETF Stock Performance

NYSEARCA MOO traded down $0.81 on Friday, reaching $81.16. The company had a trading volume of 294,424 shares, compared to its average volume of 418,193. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 19.69 and a beta of 0.73. VanEck Agribusiness ETF has a 1-year low of $69.32 and a 1-year high of $86.56. The company’s fifty day moving average is $83.28 and its 200-day moving average is $78.89.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in VanEck Agribusiness ETF in the 3rd quarter worth $25,000. Arax Advisory Partners acquired a new position in VanEck Agribusiness ETF in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in VanEck Agribusiness ETF in the 4th quarter worth $27,000. EFG International AG acquired a new position in VanEck Agribusiness ETF in the 4th quarter worth $30,000. Finally, Geneos Wealth Management Inc. acquired a new position in VanEck Agribusiness ETF in the 2nd quarter worth $35,000.

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.