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

VanEck Natural Resources ETF (NYSEARCA:HAP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 9,250 shares, a growth of 401.9% from the September 30th total of 1,843 shares. Based on an average trading volume of 26,942 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HAP. Beaumont Financial Advisors LLC bought a new stake in shares of VanEck Natural Resources ETF in the 3rd quarter worth approximately $9,378,000. Powell Investment Advisors LLC acquired a new position in shares of VanEck Natural Resources ETF in the 3rd quarter worth approximately $31,000. IFP Advisors Inc increased its position in VanEck Natural Resources ETF by 32.5% in the 3rd quarter. IFP Advisors Inc now owns 1,854 shares of the company’s stock valued at $136,000 after acquiring an additional 455 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of VanEck Natural Resources ETF by 6.3% during the third quarter. Focus Financial Network Inc. now owns 6,004 shares of the company’s stock valued at $439,000 after acquiring an additional 357 shares during the period. Finally, BigSur Wealth Management LLC bought a new position in VanEck Natural Resources ETF during the 3rd quarter worth $237,000.

VanEck Natural Resources ETF Trading Up 0.1%

Shares of NYSEARCA:HAP traded up $0.06 during midday trading on Tuesday, hitting $73.93. 5,503 shares of the stock were exchanged, compared to its average volume of 31,703. The company has a 50 day moving average price of $75.48 and a 200-day moving average price of $71.93. The stock has a market cap of $325.28 million, a P/E ratio of 16.60 and a beta of 0.68. VanEck Natural Resources ETF has a twelve month low of $56.20 and a twelve month high of $79.33.

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.