VanEck Natural Resources ETF (NYSEARCA:HAP) Stock Short Interest Climbs 807.7%

VanEck Natural Resources ETF (NYSEARCA:HAP) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 76,076 shares, an increase of 807.7% from the August 31st total of 8,381 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 48,420 shares, the short-interest ratio is currently 1.6 days.

VanEck Natural Resources ETF Trading Down 0.6%

VanEck Natural Resources ETF stock traded down $0.42 on Thursday, hitting $74.74. 15,622 shares of the stock traded hands, compared to its average volume of 33,184. VanEck Natural Resources ETF has a 1 year low of $56.04 and a 1 year high of $79.33. The firm has a market cap of $328.86 million, a P/E ratio of 16.60 and a beta of 0.66. The business’s fifty day simple moving average is $74.53 and its 200 day simple moving average is $72.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC grew its holdings in VanEck Natural Resources ETF by 44.0% in the first quarter. Beaumont Financial Advisors LLC now owns 130,627 shares of the company’s stock worth $9,467,000 after purchasing an additional 39,897 shares during the period. Bank of America Corp DE increased its stake in shares of 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 valued at $3,461,000 after purchasing an additional 29,285 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of VanEck Natural Resources ETF by 47.0% during the first quarter. Royal Bank of Canada now owns 17,741 shares of the company’s stock valued at $1,286,000 after purchasing an additional 5,669 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of VanEck Natural Resources ETF during the fourth quarter valued at approximately $210,000. Finally, Castleview Partners LLC bought a new stake in shares of VanEck Natural Resources ETF in the 1st quarter worth 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.