VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 76,076 shares, a growth of 807.7% from the August 31st total of 8,381 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,420 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Investors Weigh In On VanEck Natural Resources ETF
A number of hedge funds have recently made changes to their positions in HAP. IFP Advisors Inc lifted its holdings in VanEck Natural Resources ETF by 33.9% in the second quarter. IFP Advisors Inc now owns 1,399 shares of the company’s stock worth $96,000 after buying an additional 354 shares during the period. Ascentis Independent Advisors bought a new stake in VanEck Natural Resources ETF during the 1st quarter valued at approximately $101,000. Peterson Wealth Services grew its holdings in shares of VanEck Natural Resources ETF by 253.8% during the 4th quarter. Peterson Wealth Services now owns 2,742 shares of the company’s stock worth $165,000 after acquiring an additional 1,967 shares during the period. Tucker Asset Management LLC grew its holdings in shares of VanEck Natural Resources ETF by 305.3% during the 2nd quarter. Tucker Asset Management LLC now owns 2,805 shares of the company’s stock worth $192,000 after acquiring an additional 2,113 shares during the period. Finally, Castleview Partners LLC purchased a new position in shares of VanEck Natural Resources ETF during the 1st quarter worth approximately $209,000.
VanEck Natural Resources ETF Stock Performance
HAP traded down $0.42 during midday trading on Thursday, hitting $74.74. The stock had a trading volume of 15,622 shares, compared to its average volume of 33,184. The company has a market cap of $328.86 million, a P/E ratio of 16.60 and a beta of 0.66. The business has a fifty day moving average of $74.53 and a 200 day moving average of $72.46. VanEck Natural Resources ETF has a 1 year low of $56.04 and a 1 year high of $79.33.
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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