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

VanEck Agribusiness ETF (NYSEARCA:MOO) shares saw unusually-strong trading volume on Tuesday . Approximately 174,595 shares traded hands 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 business’s 50 day moving average price is $67.11 and its two-hundred day moving average price is $70.30. The company has a market capitalization of $559.10 million, a price-to-earnings ratio of 17.87 and a beta of 0.93.

Institutional Trading of VanEck Agribusiness ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MOO. OLD Mission Capital LLC bought a new stake in shares of VanEck Agribusiness ETF in the 4th quarter worth approximately $3,235,000. Fortis Advisors LLC acquired a new stake in shares of VanEck Agribusiness ETF during the third quarter valued at approximately $3,336,000. Jane Street Group LLC raised its holdings in shares of VanEck Agribusiness ETF by 139.0% during the fourth quarter. Jane Street Group LLC now owns 12,155 shares of the company’s stock valued at $784,000 after acquiring an additional 43,355 shares during the period. Cetera Investment Advisers raised its holdings in shares of VanEck Agribusiness ETF by 72.7% during the fourth quarter. Cetera Investment Advisers now owns 86,839 shares of the company’s stock valued at $5,603,000 after acquiring an additional 36,547 shares during the period. Finally, GTS Securities LLC acquired a new stake in shares of VanEck Agribusiness ETF during the fourth quarter valued at approximately $2,307,000.

VanEck Agribusiness ETF Company Profile

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.