VanEck Natural Resources ETF (NYSEARCA:HAP) Short Interest Down 41.4% in May

VanEck Natural Resources ETF (NYSEARCA:HAP) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 46,312 shares, a decrease of 41.4% from the April 30th total of 78,981 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 34,601 shares, the days-to-cover ratio is currently 1.3 days.

VanEck Natural Resources ETF Price Performance

Shares of NYSEARCA:HAP opened at $72.12 on Tuesday. The firm has a market capitalization of $310.12 million, a PE ratio of 16.60 and a beta of 0.66. The business has a 50-day moving average of $72.46 and a two-hundred day moving average of $67.76. VanEck Natural Resources ETF has a 12 month low of $50.45 and a 12 month high of $74.63.

Institutional Investors Weigh In On VanEck Natural Resources ETF

A number of large investors have recently modified their holdings of HAP. IFP Advisors Inc acquired a new stake in shares of VanEck Natural Resources ETF in the fourth quarter valued at about $32,000. PNC Financial Services Group Inc. acquired a new stake in shares of VanEck Natural Resources ETF in the fourth quarter valued at about $42,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of VanEck Natural Resources ETF in the fourth quarter valued at about $90,000. Arax Advisory Partners acquired a new stake in shares of VanEck Natural Resources ETF in the fourth quarter valued at about $97,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of VanEck Natural Resources ETF in the first quarter valued at about $101,000.

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.