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

VanEck Natural Resources ETF (NYSEARCA:HAP) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 27,024 shares, a drop of 52.5% from the May 31st total of 56,899 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 22,833 shares, the days-to-cover ratio is presently 1.2 days.

VanEck Natural Resources ETF Trading Down 0.9%

Shares of HAP stock traded down $0.62 on Wednesday, hitting $67.99. The stock had a trading volume of 11,899 shares, compared to its average volume of 33,548. VanEck Natural Resources ETF has a twelve month low of $51.98 and a twelve month high of $74.63. The company has a fifty day moving average price of $71.56 and a two-hundred day moving average price of $69.43. The firm has a market cap of $292.36 million, a P/E ratio of 16.60 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new stake in shares of VanEck Natural Resources ETF during the fourth quarter worth about $32,000. PNC Financial Services Group Inc. acquired a new position in shares of VanEck Natural Resources ETF in the 4th quarter valued at approximately $42,000. Ascentis Independent Advisors acquired a new position in shares of VanEck Natural Resources ETF in the 1st quarter valued at approximately $101,000. 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 approximately $90,000. Finally, Arax Advisory Partners bought a new stake in VanEck Natural Resources ETF during the 4th quarter worth approximately $97,000.

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.