iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Significant Decrease in Short Interest

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGIGet Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 6,921 shares, a drop of 51.6% from the June 30th total of 14,291 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 38,145 shares, the days-to-cover ratio is currently 0.2 days.

iShares MSCI Agriculture Producers ETF Price Performance

Shares of VEGI stock traded down $0.19 on Thursday, hitting $45.39. The company’s stock had a trading volume of 17,895 shares, compared to its average volume of 64,386. The stock has a market capitalization of $149.79 million, a price-to-earnings ratio of 18.90 and a beta of 0.66. iShares MSCI Agriculture Producers ETF has a fifty-two week low of $38.00 and a fifty-two week high of $47.27. The firm’s fifty day moving average price is $44.18 and its 200-day moving average price is $44.55.

Institutional Trading of iShares MSCI Agriculture Producers ETF

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter valued at about $27,000. Glenmede Trust Co. NA acquired a new stake in iShares MSCI Agriculture Producers ETF in the 1st quarter worth approximately $40,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI Agriculture Producers ETF in the 4th quarter worth approximately $46,000. Verity Asset Management Inc. bought a new stake in iShares MSCI Agriculture Producers ETF during the fourth quarter worth approximately $665,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in iShares MSCI Agriculture Producers ETF during the first quarter worth approximately $871,000.

About iShares MSCI Agriculture Producers ETF

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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.

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