VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Significant Increase in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 237,873 shares, a growth of 78.6% from the May 31st total of 133,206 shares. Based on an average daily trading volume, of 280,402 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the shares of the company are sold short.

VanEck Real Assets ETF Stock Performance

NYSEARCA RAAX opened at $39.37 on Friday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The company has a 50 day moving average of $41.04 and a 200-day moving average of $39.82. VanEck Real Assets ETF has a 1-year low of $31.48 and a 1-year high of $42.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in shares of VanEck Real Assets ETF during the first quarter worth $411,000. FAS Wealth Partners Inc. lifted its stake in shares of VanEck Real Assets ETF by 83.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 40,155 shares of the company’s stock valued at $1,635,000 after acquiring an additional 18,246 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of VanEck Real Assets ETF by 1,714.3% in the 1st quarter. NewEdge Advisors LLC now owns 34,344 shares of the company’s stock valued at $1,398,000 after acquiring an additional 32,451 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of VanEck Real Assets ETF during the 1st quarter valued at $929,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of VanEck Real Assets ETF during the 1st quarter valued at $681,000.

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.