VanEck Real Assets ETF (NYSEARCA:RAAX) Shares Shorted: Short Interest Up 101.1% in September

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 25,474 shares, a growth of 101.1% from the August 31st total of 12,670 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 278,634 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several hedge funds have recently made changes to their positions in RAAX. Cetera Investment Advisers grew its stake in VanEck Real Assets ETF by 2,052.3% in the first quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock valued at $43,291,000 after purchasing an additional 1,013,989 shares in the last quarter. Berger Financial Group Inc acquired a new position in VanEck Real Assets ETF in the first quarter worth approximately $32,973,000. Assetmark Inc. lifted its stake in VanEck Real Assets ETF by 12.8% in the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock valued at $16,559,000 after acquiring an additional 46,108 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in VanEck Real Assets ETF by 87.8% in the first quarter. Beaumont Financial Advisors LLC now owns 363,123 shares of the company’s stock valued at $14,783,000 after acquiring an additional 169,716 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new stake in VanEck Real Assets ETF in the first quarter worth approximately $10,703,000.

VanEck Real Assets ETF Stock Down 1.6%

VanEck Real Assets ETF stock traded down $0.66 during mid-day trading on Monday, hitting $39.89. The company’s stock had a trading volume of 240,465 shares, compared to its average volume of 277,185. The stock has a market capitalization of $1.34 billion, a P/E ratio of 22.21 and a beta of 0.56. VanEck Real Assets ETF has a twelve month low of $33.96 and a twelve month high of $42.75. The stock’s fifty day moving average price is $40.88 and its two-hundred day moving average price is $40.83.

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.