VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Update

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,670 shares, a decline of 95.4% from the August 15th total of 274,919 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 282,141 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of VanEck Real Assets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in shares of VanEck Real Assets ETF during the second quarter valued at about $714,000. Archford Capital Strategies LLC boosted its stake in VanEck Real Assets ETF by 3.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 64,908 shares of the company’s stock valued at $2,575,000 after purchasing an additional 2,109 shares during the last quarter. Capital Analysts LLC boosted its stake in VanEck Real Assets ETF by 64.7% during the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after purchasing an additional 1,816 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in VanEck Real Assets ETF by 51.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,411 shares of the company’s stock worth $334,000 after purchasing an additional 2,868 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in VanEck Real Assets ETF during the 2nd quarter worth approximately $2,147,000.

VanEck Real Assets ETF Price Performance

Shares of RAAX traded down $0.06 during trading hours on Friday, hitting $41.47. 315,296 shares of the stock were exchanged, compared to its average volume of 281,612. VanEck Real Assets ETF has a fifty-two week low of $33.35 and a fifty-two week high of $42.75. The firm has a market capitalization of $1.20 billion, a P/E ratio of 22.21 and a beta of 0.56. The business has a 50-day moving average of $40.55 and a 200-day moving average of $40.85.

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.