VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Large Volume Increase – What’s Next?

Shares of VanEck Agribusiness ETF (NYSEARCA:MOO) saw unusually-high trading volume on Wednesday . Approximately 117,813 shares traded hands during trading, an increase of 72% from the previous session’s volume of 68,579 shares.The stock last traded at $68.15 and had previously closed at $68.34.

VanEck Agribusiness ETF Stock Down 0.3 %

The business has a 50-day simple moving average of $67.04 and a two-hundred day simple moving average of $70.36. The stock has a market capitalization of $735.70 million, a P/E ratio of 8.36 and a beta of 0.85.

Hedge Funds Weigh In On VanEck Agribusiness ETF

Several large investors have recently made changes to their positions in MOO. O ROURKE & COMPANY Inc increased its holdings in shares of VanEck Agribusiness ETF by 2.2% in the fourth quarter. O ROURKE & COMPANY Inc now owns 8,736 shares of the company’s stock worth $564,000 after acquiring an additional 192 shares in the last quarter. NBT Bank N A NY lifted its position in shares of VanEck Agribusiness ETF by 1.0% in the fourth quarter. NBT Bank N A NY now owns 21,594 shares of the company’s stock valued at $1,393,000 after buying an additional 204 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of VanEck Agribusiness ETF by 3.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 9,426 shares of the company’s stock valued at $608,000 after buying an additional 310 shares during the last quarter. US Bancorp DE lifted its holdings in VanEck Agribusiness ETF by 1.5% during the 3rd quarter. US Bancorp DE now owns 24,469 shares of the company’s stock worth $1,848,000 after purchasing an additional 356 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its holdings in VanEck Agribusiness ETF by 24.5% during the 4th quarter. Anchor Investment Management LLC now owns 2,544 shares of the company’s stock worth $164,000 after purchasing an additional 500 shares during the last quarter.

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.