Short Interest in iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Declines By 87.1%

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 14,308 shares, a drop of 87.1% from the May 31st total of 110,534 shares. Based on an average daily trading volume, of 62,412 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of iShares MSCI Agriculture Producers ETF in the first quarter valued at $27,000. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF in the 1st quarter valued at about $40,000. Commonwealth Retirement Investments LLC purchased a new position in iShares MSCI Agriculture Producers ETF during the 4th quarter valued at about $46,000. 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 during the last quarter. Finally, Verity Asset Management Inc. acquired a new position in iShares MSCI Agriculture Producers ETF during the fourth quarter worth about $665,000.

iShares MSCI Agriculture Producers ETF Price Performance

Shares of VEGI stock traded up $0.11 during midday trading on Friday, reaching $44.06. 6,926 shares of the company traded hands, compared to its average volume of 67,700. The firm’s 50 day simple moving average is $44.50 and its two-hundred day simple moving average is $43.59. The firm has a market cap of $154.21 million, a PE ratio of 18.90 and a beta of 0.66. iShares MSCI Agriculture Producers ETF has a 1-year low of $38.00 and a 1-year high of $47.27.

About iShares MSCI Agriculture Producers ETF

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.