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

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,798 shares, a decline of 43.0% from the July 30th total of 15,432 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 25,721 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Natural Resources ETF Price Performance

NYSEARCA HAP traded down $0.43 on Friday, reaching $76.30. The stock had a trading volume of 14,509 shares, compared to its average volume of 33,142. The company has a market cap of $324.27 million, a P/E ratio of 16.60 and a beta of 0.65. The firm has a fifty day moving average of $71.50 and a two-hundred day moving average of $71.82. VanEck Natural Resources ETF has a 1-year low of $54.83 and a 1-year high of $77.49.

Hedge Funds Weigh In On VanEck Natural Resources ETF

Hedge funds have recently bought and sold shares of the business. Northbridge Financial Group LLC bought a new stake in VanEck Natural Resources ETF in the 4th quarter valued at about $463,000. Beaumont Financial Advisors LLC grew its position in shares of VanEck Natural Resources ETF by 44.0% during the 1st 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 in the last quarter. Bank of America Corp DE increased its holdings 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 worth $3,461,000 after purchasing an additional 29,285 shares during the period. Royal Bank of Canada increased 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 worth $1,286,000 after purchasing an additional 5,669 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of VanEck Natural Resources ETF in the fourth quarter valued at approximately $166,000.

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.