VanEck Natural Resources ETF (NYSEARCA:HAP) Stock Short Interest Jumps 401.9%

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

Institutional Trading of VanEck Natural Resources ETF

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings in VanEck Natural Resources ETF by 33.9% in the second quarter. IFP Advisors Inc now owns 1,399 shares of the company’s stock valued at $96,000 after purchasing an additional 354 shares in the last quarter. Focus Financial Network Inc. increased its stake 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 valued at $439,000 after purchasing an additional 357 shares during the last quarter. Powell Investment Advisors LLC acquired a new stake in VanEck Natural Resources ETF during the third quarter worth approximately $31,000. Ascentis Independent Advisors acquired a new stake in VanEck Natural Resources ETF during the first quarter worth approximately $101,000. Finally, Tucker Asset Management LLC lifted its position in shares of VanEck Natural Resources ETF by 305.3% during the 2nd quarter. Tucker Asset Management LLC now owns 2,805 shares of the company’s stock worth $192,000 after buying an additional 2,113 shares during the last quarter.

VanEck Natural Resources ETF Price Performance

Shares of VanEck Natural Resources ETF stock traded down $0.06 during trading on Thursday, hitting $74.19. 3,370 shares of the stock were exchanged, compared to its average volume of 31,527. The firm’s 50-day moving average price is $75.49 and its 200 day moving average price is $72.06. The stock has a market cap of $326.43 million, a price-to-earnings 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.