VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Unusually-High Trading Volume – Here’s Why

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw unusually-high trading volume on Tuesday . Approximately 174,595 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 61,210 shares.The stock last traded at $66.69 and had previously closed at $67.27.

VanEck Agribusiness ETF Stock Performance

The company has a market cap of $559.10 million, a price-to-earnings ratio of 17.87 and a beta of 0.93. The stock’s fifty day simple moving average is $67.11 and its two-hundred day simple moving average is $70.30.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Coastline Trust Co purchased a new stake in VanEck Agribusiness ETF during the 3rd quarter worth $45,000. Truvestments Capital LLC acquired a new position in VanEck Agribusiness ETF during the 3rd quarter valued at about $53,000. Bessemer Group Inc. acquired a new position in VanEck Agribusiness ETF during the 4th quarter valued at about $71,000. SBI Securities Co. Ltd. acquired a new position in VanEck Agribusiness ETF during the 4th quarter valued at about $111,000. Finally, Colonial Trust Co SC lifted its stake in shares of VanEck Agribusiness ETF by 35.7% in the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $123,000 after acquiring an additional 500 shares during the period.

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.