iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Large Growth in Short Interest

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 29,576 shares, an increase of 327.3% from the July 15th total of 6,921 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 56,523 shares, the short-interest ratio is presently 0.5 days.

iShares MSCI Agriculture Producers ETF Stock Down 0.5%

Shares of NYSEARCA VEGI traded down $0.21 during mid-day trading on Wednesday, reaching $44.63. 1,412 shares of the company were exchanged, compared to its average volume of 61,857. iShares MSCI Agriculture Producers ETF has a 52 week low of $38.00 and a 52 week high of $47.27. The stock has a market capitalization of $147.28 million, a PE ratio of 18.90 and a beta of 0.66. The company’s 50 day moving average price is $44.28 and its 200 day moving average price is $44.78.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in iShares MSCI Agriculture Producers ETF in the 1st quarter worth approximately $27,000. Glenmede Trust Co. NA purchased a new position in iShares MSCI Agriculture Producers ETF in the 1st quarter worth $40,000. Commonwealth Retirement Investments LLC bought a new stake in iShares MSCI Agriculture Producers ETF in the fourth quarter worth $46,000. Verity Asset Management Inc. purchased a new stake in iShares MSCI Agriculture Producers ETF during the fourth quarter valued at about $665,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in iShares MSCI Agriculture Producers ETF during the first quarter valued at about $871,000.

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.