VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,843 shares, a decrease of 97.6% from the September 15th total of 76,076 shares. Based on an average trading volume of 14,558 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC lifted its stake in shares of VanEck Natural Resources ETF by 44.0% during the first quarter. Beaumont Financial Advisors LLC now owns 130,627 shares of the company’s stock worth $9,467,000 after purchasing an additional 39,897 shares in the last quarter. Bank of America Corp DE grew its stake in shares of VanEck Natural Resources ETF by 158.6% in the first quarter. Bank of America Corp DE now owns 47,754 shares of the company’s stock valued at $3,461,000 after buying an additional 29,285 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of VanEck Natural Resources ETF by 47.0% during the 1st quarter. Royal Bank of Canada now owns 17,741 shares of the company’s stock valued at $1,286,000 after buying an additional 5,669 shares during the period. Castleview Partners LLC purchased a new stake in shares of VanEck Natural Resources ETF during the 1st quarter valued at about $209,000. Finally, Tucker Asset Management LLC raised 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 valued at $192,000 after buying an additional 2,113 shares during the period.
VanEck Natural Resources ETF Stock Up 0.4%
Shares of HAP stock traded up $0.28 during mid-day trading on Friday, reaching $74.20. The company’s stock had a trading volume of 9,075 shares, compared to its average volume of 32,816. The firm has a market capitalization of $333.90 million, a PE ratio of 16.60 and a beta of 0.68. The company’s 50 day simple moving average is $75.21 and its 200-day simple moving average is $72.69. VanEck Natural Resources ETF has a 12-month low of $56.04 and a 12-month 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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