VanEck Natural Resources ETF (NYSEARCA:HAP) Stock Short Interest Falls 97.6%

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,843 shares, a decline of 97.6% from the September 15th total of 76,076 shares. Based on an average trading volume of 14,558 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

VanEck Natural Resources ETF Price Performance

HAP traded up $0.28 on Friday, reaching $74.20. The company’s stock had a trading volume of 9,075 shares, compared to its average volume of 32,816. VanEck Natural Resources ETF has a 1 year low of $56.04 and a 1 year high of $79.33. The business’s 50 day moving average is $75.21 and its 200 day moving average is $72.69. The stock has a market cap of $333.90 million, a price-to-earnings ratio of 16.60 and a beta of 0.68.

Institutional Trading of VanEck Natural Resources ETF

A number of hedge funds have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new position in shares of VanEck Natural Resources ETF during the first quarter worth about $101,000. IFP Advisors Inc increased its holdings in VanEck Natural Resources ETF by 33.9% in the second quarter. IFP Advisors Inc now owns 1,399 shares of the company’s stock valued at $96,000 after buying an additional 354 shares during the last quarter. Peterson Wealth Services raised its stake in VanEck Natural Resources ETF by 253.8% during the fourth quarter. Peterson Wealth Services now owns 2,742 shares of the company’s stock valued at $165,000 after buying an additional 1,967 shares in the last quarter. Tucker Asset Management LLC raised its stake in VanEck Natural Resources ETF by 305.3% during the second quarter. Tucker Asset Management LLC now owns 2,805 shares of the company’s stock valued at $192,000 after buying an additional 2,113 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in VanEck Natural Resources ETF during the first quarter valued at approximately $209,000.

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.