VanEck Natural Resources ETF (NYSEARCA:HAP) Sees Significant Decline in Short Interest

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 27,024 shares, a decline of 52.5% from the May 31st total of 56,899 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 22,833 shares, the short-interest ratio is currently 1.2 days.

VanEck Natural Resources ETF Price Performance

Shares of VanEck Natural Resources ETF stock traded up $0.07 on Tuesday, reaching $68.61. 14,707 shares of the company traded hands, compared to its average volume of 33,724. The firm has a market capitalization of $295.02 million, a PE ratio of 16.60 and a beta of 0.64. The company has a 50 day moving average of $71.74 and a 200 day moving average of $69.33. VanEck Natural Resources ETF has a 52 week low of $51.98 and a 52 week high of $74.63.

Institutional Trading of VanEck Natural Resources ETF

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in VanEck Natural Resources ETF by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 605,102 shares of the company’s stock worth $36,391,000 after acquiring an additional 9,131 shares during the last quarter. Van ECK Associates Corp bought a new stake in VanEck Natural Resources ETF in the 4th quarter valued at about $8,441,000. Beaumont Financial Advisors LLC lifted its holdings in 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 valued at $9,467,000 after purchasing an additional 39,897 shares during the last quarter. LPL Financial LLC lifted its holdings in VanEck Natural Resources ETF by 173.8% during the fourth quarter. LPL Financial LLC now owns 70,019 shares of the company’s stock valued at $4,211,000 after purchasing an additional 44,447 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in VanEck Natural Resources ETF by 158.6% during the first quarter. Bank of America Corp DE now owns 47,754 shares of the company’s stock worth $3,461,000 after purchasing an additional 29,285 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.