VanEck Natural Resources ETF (NYSEARCA:HAP) Short Interest Down 52.5% in June

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

Institutional Investors Weigh In On VanEck Natural Resources ETF

A number of institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in VanEck Natural Resources ETF in the fourth quarter worth about $32,000. PNC Financial Services Group Inc. acquired a new stake in VanEck Natural Resources ETF during the fourth quarter valued at approximately $42,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in VanEck Natural Resources ETF during the fourth quarter valued at approximately $90,000. Arax Advisory Partners bought a new position in VanEck Natural Resources ETF during the 4th quarter worth approximately $97,000. Finally, Ascentis Independent Advisors bought a new position in VanEck Natural Resources ETF during the 1st quarter worth approximately $101,000.

VanEck Natural Resources ETF Trading Down 0.9%

HAP stock opened at $67.99 on Thursday. VanEck Natural Resources ETF has a twelve month low of $51.98 and a twelve month high of $74.63. The company has a market capitalization of $295.76 million, a P/E ratio of 16.60 and a beta of 0.65. The firm has a 50 day simple moving average of $71.56 and a 200-day simple moving average of $69.43.

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.