VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) saw a large decline in short interest in 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. Based on an average daily trading volume, of 25,721 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On VanEck Natural Resources ETF
Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its stake in VanEck Natural Resources ETF by 7.7% during the fourth quarter. Osaic Holdings Inc. now owns 4,827 shares of the company’s stock valued at $290,000 after acquiring an additional 345 shares in the last quarter. IFP Advisors Inc bought a new stake in VanEck Natural Resources ETF in the 4th quarter valued at $32,000. PNC Financial Services Group Inc. purchased a new stake in VanEck Natural Resources ETF in the 4th quarter worth $42,000. Royal Bank of Canada lifted its stake in VanEck Natural Resources ETF by 11.6% in the 4th quarter. Royal Bank of Canada now owns 12,072 shares of the company’s stock worth $726,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of VanEck Natural Resources ETF during the 1st quarter valued at about $101,000.
VanEck Natural Resources ETF Trading Up 0.5%
VanEck Natural Resources ETF stock traded up $0.38 during mid-day trading on Monday, hitting $76.68. The stock had a trading volume of 27,310 shares, compared to its average volume of 33,104. VanEck Natural Resources ETF has a one year low of $54.83 and a one year high of $77.49. The firm has a market capitalization of $325.89 million, a P/E ratio of 16.60 and a beta of 0.65. The firm’s 50 day moving average is $71.50 and its 200 day moving average is $71.83.
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.
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