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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 38,420 shares, a drop of 91.5% from the February 26th total of 451,295 shares. Based on an average trading volume of 326,565 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 326,565 shares, the days-to-cover ratio is presently 0.1 days.

VanEck Real Assets ETF Price Performance

NYSEARCA RAAX traded up $0.33 on Tuesday, hitting $39.52. The company had a trading volume of 214,626 shares, compared to its average volume of 270,595. The company’s fifty day moving average price is $39.84 and its 200-day moving average price is $36.66. The company has a market capitalization of $383.34 million, a PE ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a 12-month low of $27.05 and a 12-month high of $42.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in VanEck Real Assets ETF by 51.7% during the 4th quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after buying an additional 615,623 shares in the last quarter. Assetmark Inc. boosted its stake in shares of VanEck Real Assets ETF by 35,257.5% in the fourth quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after acquiring an additional 359,627 shares during the last quarter. CWM LLC purchased a new stake in shares of VanEck Real Assets ETF during the fourth quarter worth approximately $7,542,000. Beaumont Financial Advisors LLC purchased a new stake in shares of VanEck Real Assets ETF during the fourth quarter worth approximately $6,756,000. Finally, Osaic Holdings Inc. raised its stake in VanEck Real Assets ETF by 4,935.9% in the 4th quarter. Osaic Holdings Inc. now owns 115,423 shares of the company’s stock valued at $4,032,000 after purchasing an additional 113,131 shares during the last quarter.

About VanEck Real Assets ETF

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.