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

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 151,898 shares, a decrease of 36.1% from the June 15th total of 237,873 shares. Based on an average daily trading volume, of 308,367 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RAAX. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of VanEck Real Assets ETF by 0.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 118,067 shares of the company’s stock valued at $4,684,000 after acquiring an additional 412 shares in the last quarter. Etesian Wealth Advisors Inc. raised its position in VanEck Real Assets ETF by 10.4% during the first quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock valued at $290,000 after purchasing an additional 671 shares in the last quarter. Equitable Holdings Inc. lifted 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 worth $551,000 after buying an additional 693 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of VanEck Real Assets ETF by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 47,537 shares of the company’s stock valued at $1,886,000 after purchasing an additional 771 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in VanEck Real Assets ETF by 12.9% in the fourth 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 in the last quarter.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA RAAX opened at $39.33 on Friday. VanEck Real Assets ETF has a 52 week low of $31.48 and a 52 week high of $42.75. The stock has a market capitalization of $1.26 billion, a PE ratio of 22.21 and a beta of 0.55. The stock has a 50 day moving average price of $40.55 and a 200 day moving average price of $40.06.

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.