iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Sees Significant Drop in Short Interest
by Kim Johansen · The Markets DailyiShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 10,088 shares, a decrease of 93.1% from the March 15th total of 145,877 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 237,464 shares, the days-to-cover ratio is currently 0.0 days.
iShares MSCI Agriculture Producers ETF Price Performance
Shares of VEGI traded down $0.34 during mid-day trading on Friday, reaching $46.35. 80,509 shares of the company’s stock traded hands, compared to its average volume of 71,896. The stock has a market cap of $169.18 million, a P/E ratio of 18.90 and a beta of 0.73. The stock’s 50-day moving average is $45.42 and its two-hundred day moving average is $41.53. iShares MSCI Agriculture Producers ETF has a 12 month low of $35.29 and a 12 month high of $47.27.
Institutional Trading of iShares MSCI Agriculture Producers ETF
Several hedge funds and other institutional investors have recently made changes to their positions in VEGI. BNP Paribas lifted its holdings in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the 2nd quarter. BNP Paribas now owns 13,007 shares of the company’s stock valued at $524,000 after purchasing an additional 685 shares during the last quarter. Red Tortoise LLC purchased a new stake in shares of iShares MSCI Agriculture Producers ETF during the 3rd quarter valued at $981,000. CX Institutional lifted its holdings in shares of iShares MSCI Agriculture Producers ETF by 126.5% during the 3rd quarter. CX Institutional now owns 974 shares of the company’s stock valued at $38,000 after purchasing an additional 544 shares during the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of iShares MSCI Agriculture Producers ETF by 32.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 75,687 shares of the company’s stock valued at $2,969,000 after purchasing an additional 18,452 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of iShares MSCI Agriculture Producers ETF by 5.6% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 90,190 shares of the company’s stock valued at $3,479,000 after purchasing an additional 4,800 shares during the last quarter.
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.