Short Interest in VanEck Natural Resources ETF (NYSEARCA:HAP) Drops By 41.4%

VanEck Natural Resources ETF (NYSEARCA:HAP) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 46,312 shares, a decrease of 41.4% from the April 30th total of 78,981 shares. Based on an average daily trading volume, of 34,601 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in VanEck Natural Resources ETF by 158.6% in the 1st quarter. Bank of America Corp DE now owns 47,754 shares of the company’s stock worth $3,461,000 after buying an additional 29,285 shares during the period. Royal Bank of Canada increased its stake 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 buying an additional 5,669 shares during the period. Beaumont Financial Advisors LLC raised its holdings in shares of VanEck Natural Resources ETF by 44.0% during the first quarter. Beaumont Financial Advisors LLC now owns 130,627 shares of the company’s stock valued at $9,467,000 after acquiring an additional 39,897 shares in the last quarter. Castleview Partners LLC bought a new position in shares of VanEck Natural Resources ETF during the first quarter valued at approximately $209,000. Finally, Ascentis Independent Advisors purchased a new stake in VanEck Natural Resources ETF in the first quarter worth $101,000.

VanEck Natural Resources ETF Price Performance

VanEck Natural Resources ETF stock traded up $0.13 during trading hours on Thursday, reaching $73.20. The stock had a trading volume of 16,265 shares, compared to its average volume of 32,830. The company has a fifty day simple moving average of $72.65 and a 200-day simple moving average of $67.96. VanEck Natural Resources ETF has a 52 week low of $51.05 and a 52 week high of $74.63. The stock has a market cap of $314.76 million, a PE ratio of 16.60 and a beta of 0.66.

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.