VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Down 49.0% in May

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 133,206 shares, a drop of 49.0% from the May 14th total of 261,232 shares. Based on an average daily volume of 233,071 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of VanEck Real Assets ETF

Several institutional investors have recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC raised its position in shares of VanEck Real Assets ETF by 1.4% during the 3rd 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. raised 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 period. Etesian Wealth Advisors Inc. raised its position 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 valued at $290,000 after buying an additional 671 shares during the period. Equitable Holdings Inc. raised its position 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 valued at $551,000 after buying an additional 693 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of VanEck Real Assets ETF by 12.9% during the 4th quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock valued at $314,000 after buying an additional 1,025 shares during the period.

VanEck Real Assets ETF Stock Up 2.3%

RAAX traded up $0.91 during trading on Friday, reaching $41.09. The company’s stock had a trading volume of 209,626 shares, compared to its average volume of 273,584. The firm has a fifty day simple moving average of $41.49 and a two-hundred day simple moving average of $39.36. VanEck Real Assets ETF has a 1 year low of $31.05 and a 1 year high of $42.75. The company has a market cap of $875.22 million, a price-to-earnings ratio of 22.21 and a beta of 0.54.

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.