VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 8,798 shares, a drop of 43.0% from the July 30th total of 15,432 shares. Based on an average daily volume of 25,721 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc purchased a new position in shares of VanEck Natural Resources ETF during the 4th quarter worth about $32,000. PNC Financial Services Group Inc. purchased a new position in VanEck Natural Resources ETF during the fourth quarter worth approximately $42,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of VanEck Natural Resources ETF in the 4th quarter valued at $90,000. Arax Advisory Partners acquired a new position in shares of VanEck Natural Resources ETF in the 4th quarter valued at $97,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of VanEck Natural Resources ETF during the 1st quarter valued at $101,000.
VanEck Natural Resources ETF Stock Up 0.2%
Shares of NYSEARCA:HAP traded up $0.13 during midday trading on Tuesday, reaching $76.93. The company’s stock had a trading volume of 32,558 shares, compared to its average volume of 33,106. The firm has a market cap of $326.95 million, a price-to-earnings ratio of 16.60 and a beta of 0.65. The business has a 50 day moving average price of $71.64 and a 200 day moving average price of $71.87. VanEck Natural Resources ETF has a 1 year low of $54.83 and a 1 year high of $77.49.
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.
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