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

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a significant decline in short interest during the month of 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 14,558 shares, the short-interest ratio is currently 0.1 days.

VanEck Natural Resources ETF Price Performance

HAP stock traded up $0.28 during midday trading on Friday, hitting $74.20. The stock had a trading volume of 9,075 shares, compared to its average volume of 32,816. The company’s 50-day moving average price is $75.21 and its 200 day moving average price is $72.69. The firm has a market cap of $333.90 million, a PE ratio of 16.60 and a beta of 0.68. VanEck Natural Resources ETF has a 12-month low of $56.04 and a 12-month high of $79.33.

Institutional Trading of VanEck Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in shares of VanEck Natural Resources ETF by 33.9% during the 2nd quarter. IFP Advisors Inc now owns 1,399 shares of the company’s stock valued at $96,000 after acquiring an additional 354 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of VanEck Natural Resources ETF in the first quarter worth approximately $101,000. Peterson Wealth Services grew its stake in shares of VanEck Natural Resources ETF by 253.8% during the 4th 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 during the period. Tucker Asset Management LLC increased 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 worth $192,000 after acquiring an additional 2,113 shares during the last quarter. Finally, Castleview Partners LLC acquired a new stake in VanEck Natural Resources ETF during the 1st quarter worth approximately $209,000.

About VanEck Natural Resources ETF

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.