Short Interest in VanEck Natural Resources ETF (NYSEARCA:HAP) Rises By 100.0%

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,000 shares, a growth of 100.0% from the August 31st total of 2,000 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 0.7 days.

VanEck Natural Resources ETF Stock Up 0.5%

NYSEARCA:HAP opened at $57.81 on Tuesday. The company has a market cap of $176.32 million, a P/E ratio of 16.60 and a beta of 1.01. The firm’s 50 day moving average is $55.08 and its two-hundred day moving average is $51.98. VanEck Natural Resources ETF has a fifty-two week low of $42.65 and a fifty-two week high of $57.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its stake in shares of VanEck Natural Resources ETF by 3.8% in the 2nd quarter. IAG Wealth Partners LLC now owns 336,856 shares of the company’s stock valued at $17,501,000 after purchasing an additional 12,219 shares in the last quarter. Firestone Capital Management acquired a new position in VanEck Natural Resources ETF during the second quarter valued at approximately $371,000. Cetera Investment Advisers grew its stake in VanEck Natural Resources ETF by 1.2% during the second quarter. Cetera Investment Advisers now owns 623,285 shares of the company’s stock worth $32,383,000 after buying an additional 7,126 shares during the period. Austin Wealth Management LLC acquired a new stake in shares of VanEck Natural Resources ETF in the second quarter worth $741,000. Finally, Horizon Advisory Services Inc. raised its stake in shares of VanEck Natural Resources ETF by 5.5% in the 2nd quarter. Horizon Advisory Services Inc. now owns 6,746 shares of the company’s stock valued at $351,000 after acquiring an additional 349 shares during the period.

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.