VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Down 48.3% in April

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 172,743 shares, a decline of 48.3% from the April 15th total of 334,372 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 221,797 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of VanEck Real Assets ETF

A number of institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of VanEck Real Assets ETF by 51.7% in the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after acquiring an additional 615,623 shares during the last quarter. Cetera Investment Advisers lifted its position in VanEck Real Assets ETF by 2,052.3% during the first quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock worth $43,291,000 after buying an additional 1,013,989 shares in the last quarter. Berger Financial Group Inc purchased a new position in VanEck Real Assets ETF during the first quarter worth approximately $32,973,000. Beam Wealth Advisors Inc. lifted its position in VanEck Real Assets ETF by 4.5% during the fourth quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock worth $25,609,000 after buying an additional 31,359 shares in the last quarter. Finally, Assetmark Inc. lifted its position in VanEck Real Assets ETF by 12.8% during the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock worth $16,559,000 after buying an additional 46,108 shares in the last quarter.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA:RAAX traded down $0.67 during trading on Friday, reaching $41.86. The stock had a trading volume of 264,635 shares, compared to its average volume of 276,970. The business has a fifty day moving average price of $41.25 and a 200-day moving average price of $38.47. The stock has a market cap of $891.62 million, a PE ratio of 22.21 and a beta of 0.56. VanEck Real Assets ETF has a 1-year low of $30.14 and a 1-year high of $42.75.

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.