Short Interest in VanEck Natural Resources ETF (NYSEARCA:HAP) Increases By 140.3%

VanEck Natural Resources ETF (NYSEARCA:HAP) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 16,170 shares, a growth of 140.3% from the June 30th total of 6,728 shares. Based on an average daily trading volume, of 59,688 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of VanEck Natural Resources ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings 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 purchasing an additional 345 shares in the last quarter. IFP Advisors Inc acquired a new stake in VanEck Natural Resources ETF in the 4th quarter valued at $32,000. Horizon Advisory Services Inc. grew its position in VanEck Natural Resources ETF by 7.4% in the fourth quarter. Horizon Advisory Services Inc. now owns 7,850 shares of the company’s stock valued at $472,000 after acquiring an additional 544 shares during the period. PNC Financial Services Group Inc. acquired a new position in VanEck Natural Resources ETF during the fourth quarter worth $42,000. Finally, Royal Bank of Canada raised its stake in VanEck Natural Resources ETF by 11.6% during the fourth quarter. Royal Bank of Canada now owns 12,072 shares of the company’s stock worth $726,000 after acquiring an additional 1,258 shares in the last quarter.

VanEck Natural Resources ETF Stock Performance

Shares of HAP remained flat at $70.44 on Wednesday. The stock had a trading volume of 23,788 shares, compared to its average volume of 35,147. The firm has a market cap of $299.37 million, a price-to-earnings ratio of 16.60 and a beta of 0.65. The stock’s 50 day moving average is $70.33 and its 200-day moving average is $70.64. VanEck Natural Resources ETF has a 1-year low of $51.98 and a 1-year high of $74.63.

About VanEck Natural Resources ETF

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.