VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Large Decline in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 70,345 shares, a drop of 37.0% from the January 15th total of 111,577 shares. Based on an average trading volume of 198,314 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 198,314 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On VanEck Real Assets ETF

Large investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of VanEck Real Assets ETF in the second quarter valued at about $32,000. Realta Investment Advisors purchased a new stake in shares of VanEck Real Assets ETF in the third quarter valued at approximately $41,000. Tucker Asset Management LLC acquired a new stake in shares of VanEck Real Assets ETF in the fourth quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of VanEck Real Assets ETF by 1,129.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock valued at $69,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in VanEck Real Assets ETF by 332.7% during the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after buying an additional 1,810 shares in the last quarter.

VanEck Real Assets ETF Stock Up 1.2%

Shares of NYSEARCA RAAX traded up $0.47 during trading on Friday, hitting $40.05. The company had a trading volume of 234,777 shares, compared to its average volume of 282,033. The firm has a market capitalization of $388.49 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. The stock has a fifty day simple moving average of $37.19 and a two-hundred day simple moving average of $35.03. VanEck Real Assets ETF has a fifty-two week low of $27.05 and a fifty-two week high of $40.92.

VanEck Real Assets ETF Company Profile

The VanEck Inflation Allocation ETF (RAAX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund of funds that seeks to maximize long-term real returns. It invests in ETPs with exposure to real assets, such as real estate, commodities, natural resources, or infrastructure, and may hold up to 100% cash or equivalents. RAAX was launched on Apr 9, 2018 and is managed by VanEck.