Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Drops By 48.3%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 172,743 shares, a decline of 48.3% from the April 15th total of 334,372 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 221,797 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On VanEck Real Assets ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC raised its stake in shares of VanEck Real Assets ETF by 1.4% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock valued at $902,000 after buying an additional 373 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of VanEck Real Assets ETF by 3.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock valued at $415,000 after buying an additional 450 shares during the last quarter. Etesian Wealth Advisors Inc. grew its stake in shares of VanEck Real Assets ETF by 10.4% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after acquiring an additional 671 shares during the period. Equitable Holdings Inc. grew its stake in shares of VanEck Real Assets ETF by 4.6% during the 4th quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock worth $551,000 after acquiring an additional 693 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in VanEck Real Assets ETF by 12.9% in the 4th quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock worth $314,000 after acquiring an additional 1,025 shares during the last quarter.

VanEck Real Assets ETF Trading Down 1.6%

Shares of RAAX stock traded down $0.67 during trading hours on Friday, hitting $41.86. 264,635 shares of the company were exchanged, compared to its average volume of 276,970. The firm has a fifty day simple moving average of $41.25 and a 200 day simple moving average of $38.44. VanEck Real Assets ETF has a 52-week low of $30.14 and a 52-week high of $42.75. The stock has a market capitalization of $891.62 million, a price-to-earnings ratio of 22.21 and a beta of 0.56.

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.