VanEck Natural Resources ETF (NYSEARCA:HAP – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 27,024 shares, a decline of 52.5% from the May 31st total of 56,899 shares. Based on an average daily trading volume, of 22,833 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the company are sold short.
VanEck Natural Resources ETF Trading Up 0.1%
Shares of NYSEARCA HAP traded up $0.07 during mid-day trading on Tuesday, hitting $68.61. The company had a trading volume of 14,707 shares, compared to its average volume of 33,724. VanEck Natural Resources ETF has a 1 year low of $51.98 and a 1 year high of $74.63. The company has a market capitalization of $295.02 million, a price-to-earnings ratio of 16.60 and a beta of 0.64. The stock’s 50-day moving average price is $71.74 and its 200-day moving average price is $69.33.
Institutional Trading of VanEck Natural Resources ETF
A number of hedge funds have recently made changes to their positions in HAP. Beaumont Financial Advisors LLC purchased a new stake in shares of VanEck Natural Resources ETF in the 4th quarter valued at $5,456,000. Northbridge Financial Group LLC purchased a new position in VanEck Natural Resources ETF during the 4th quarter valued at $463,000. Global View Capital Management LLC purchased a new position in shares of VanEck Natural Resources ETF during the fourth quarter valued at about $250,000. Entrewealth LLC bought a new position in shares of VanEck Natural Resources ETF in the 3rd quarter worth approximately $221,000. Finally, Castleview Partners LLC bought a new position in VanEck Natural Resources ETF in the first quarter worth $209,000.
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.
Featured Articles
- Five stocks we like better than VanEck Natural Resources ETF
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for VanEck Natural Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Natural Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.
