VanEck Natural Resources ETF (NYSEARCA:HAP) Sees Large Growth in Short Interest

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 78,981 shares, an increase of 467.5% from the April 15th total of 13,918 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 24,655 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of VanEck Natural Resources ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAP. Beaumont Financial Advisors LLC acquired a new position in VanEck Natural Resources ETF in the 4th quarter worth about $5,456,000. Global View Capital Management LLC acquired a new position in VanEck Natural Resources ETF in the 4th quarter worth about $250,000. Entrewealth LLC acquired a new position in VanEck Natural Resources ETF in the 3rd quarter worth about $221,000. IAG Wealth Partners LLC raised its holdings in VanEck Natural Resources ETF by 0.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 338,507 shares of the company’s stock worth $19,324,000 after purchasing an additional 1,651 shares during the period. Finally, Austin Wealth Management LLC raised its holdings in VanEck Natural Resources ETF by 6.5% in the 3rd quarter. Austin Wealth Management LLC now owns 15,050 shares of the company’s stock worth $857,000 after purchasing an additional 917 shares during the period.

VanEck Natural Resources ETF Stock Down 0.4%

Shares of HAP stock traded down $0.29 on Thursday, hitting $74.23. The company had a trading volume of 11,645 shares, compared to its average volume of 34,086. The firm has a market cap of $319.19 million, a P/E ratio of 16.60 and a beta of 0.66. The company has a 50-day moving average price of $72.06 and a 200-day moving average price of $66.38. VanEck Natural Resources ETF has a twelve month low of $49.46 and a twelve month high of $74.63.

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.