Short Interest in VanEck Natural Resources ETF (NYSEARCA:HAP) Expands By 140.3%

VanEck Natural Resources ETF (NYSEARCA:HAP) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 16,170 shares, a growth of 140.3% from the June 30th total of 6,728 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 59,688 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On VanEck Natural Resources ETF

A number of large investors have recently modified their holdings of HAP. Jane Street Group LLC lifted its stake in shares of VanEck Natural Resources ETF by 90.2% in the first quarter. Jane Street Group LLC now owns 18,713 shares of the company’s stock worth $932,000 after buying an additional 8,874 shares in the last quarter. Bank of America Corp DE grew its stake in VanEck Natural Resources ETF by 91.2% during the 3rd quarter. Bank of America Corp DE now owns 19,391 shares of the company’s stock valued at $1,107,000 after acquiring an additional 9,248 shares in the last quarter. Flow Traders U.S. LLC grew its stake in VanEck Natural Resources ETF by 30.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 36,491 shares of the company’s stock valued at $2,083,000 after acquiring an additional 8,434 shares in the last quarter. Global View Capital Management LLC purchased a new stake in VanEck Natural Resources ETF during the 4th quarter valued at about $250,000. Finally, Beaumont Financial Advisors LLC acquired a new stake in VanEck Natural Resources ETF in the 4th quarter valued at about $5,456,000.

VanEck Natural Resources ETF Stock Performance

NYSEARCA HAP opened at $70.44 on Thursday. The business has a fifty day moving average price of $70.28 and a 200 day moving average price of $70.69. VanEck Natural Resources ETF has a one year low of $51.98 and a one year high of $74.63. The company has a market cap of $299.37 million, a P/E ratio of 16.60 and a beta of 0.65.

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.