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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large decline in short interest in 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. Based on an average trading volume of 282,141 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA:RAAX traded down $0.34 during midday trading on Thursday, hitting $41.53. 463,976 shares of the stock were exchanged, compared to its average volume of 281,450. VanEck Real Assets ETF has a 52-week low of $33.19 and a 52-week high of $42.75. The business’s fifty day simple moving average is $40.55 and its two-hundred day simple moving average is $40.85. The company has a market capitalization of $1.21 billion, a PE ratio of 22.21 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in shares of VanEck Real Assets ETF during the 4th quarter valued at about $43,000. NewEdge Advisors LLC increased its holdings in VanEck Real Assets ETF by 514.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock worth $66,000 after buying an additional 1,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in VanEck Real Assets ETF by 1,129.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock worth $69,000 after buying an additional 1,807 shares during the last quarter. Osaic Holdings Inc. raised its position in VanEck Real Assets ETF by 332.7% during the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock valued at $73,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Capital Analysts LLC raised its position in VanEck Real Assets ETF by 64.7% during the second quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after acquiring an additional 1,816 shares in the last quarter.

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.