VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) was the target of a significant growth in short interest in 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 daily volume of 26,942 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC acquired a new position in shares of VanEck Natural Resources ETF during the 3rd quarter worth about $9,378,000. Powell Investment Advisors LLC acquired a new position in shares of VanEck Natural Resources ETF during the 3rd quarter valued at about $31,000. IFP Advisors Inc grew its stake in shares of 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 buying an additional 455 shares during the period. Focus Financial Network Inc. grew its position in VanEck Natural Resources ETF by 6.3% in the third quarter. Focus Financial Network Inc. now owns 6,004 shares of the company’s stock worth $439,000 after acquiring an additional 357 shares during the period. Finally, BigSur Wealth Management LLC acquired a new position in shares of VanEck Natural Resources ETF in the 3rd quarter valued at $237,000.
VanEck Natural Resources ETF Stock Performance
Shares of VanEck Natural Resources ETF stock traded up $0.06 during midday trading on Tuesday, reaching $73.93. 5,503 shares of the company’s stock traded hands, compared to its average volume of 31,703. The stock has a 50 day moving average of $75.48 and a 200-day moving average of $71.93. The company has a market cap of $325.28 million, a PE ratio of 16.60 and a beta of 0.68. VanEck Natural Resources ETF has a 12 month low of $56.20 and a 12 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.
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