VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 78,981 shares, an increase of 467.5% from the April 15th total of 13,918 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 24,655 shares, the short-interest ratio is presently 3.2 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC purchased a new position in VanEck Natural Resources ETF during the fourth quarter valued at approximately $5,456,000. Global View Capital Management LLC purchased a new position in VanEck Natural Resources ETF during the fourth quarter valued at approximately $250,000. Entrewealth LLC purchased a new position in VanEck Natural Resources ETF during the third quarter valued at approximately $221,000. IAG Wealth Partners LLC grew its position in VanEck Natural Resources ETF by 0.5% during the third quarter. IAG Wealth Partners LLC now owns 338,507 shares of the company’s stock valued at $19,324,000 after purchasing an additional 1,651 shares in the last quarter. Finally, Austin Wealth Management LLC grew its position in VanEck Natural Resources ETF by 6.5% during the third quarter. Austin Wealth Management LLC now owns 15,050 shares of the company’s stock valued at $857,000 after purchasing an additional 917 shares in the last quarter.
VanEck Natural Resources ETF Stock Performance
Shares of HAP opened at $74.23 on Friday. The company’s 50 day moving average price is $72.11 and its 200 day moving average price is $66.49. VanEck Natural Resources ETF has a 52 week low of $49.46 and a 52 week high of $74.63. The company has a market capitalization of $319.19 million, a PE ratio of 16.60 and a beta of 0.66.
VanEck Natural Resources ETF Company Profile
The VanEck Natural Resources ETF (HAP) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a consumption-based index of global hard asset firms. HAP was launched on Aug 29, 2008 and is managed by VanEck.
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