Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Drops By 36.1%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 151,898 shares, a drop of 36.1% from the June 15th total of 237,873 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 308,367 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On VanEck Real Assets ETF

A number of hedge funds have recently made changes to their positions in RAAX. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased 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 worth $4,684,000 after purchasing an additional 412 shares in the last quarter. Etesian Wealth Advisors Inc. raised its position in shares of VanEck Real Assets ETF by 10.4% in 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 during the period. Equitable Holdings Inc. lifted its stake 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 valued at $551,000 after buying an additional 693 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of VanEck Real Assets ETF by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 47,537 shares of the company’s stock valued at $1,886,000 after buying an additional 771 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in VanEck Real Assets ETF by 12.9% in the 4th quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock worth $314,000 after buying an additional 1,025 shares during the period.

VanEck Real Assets ETF Trading Up 0.3%

RAAX stock opened at $39.33 on Friday. The stock’s fifty day simple moving average is $40.55 and its two-hundred day simple moving average is $40.06. VanEck Real Assets ETF has a 1-year low of $31.48 and a 1-year high of $42.75. The stock has a market cap of $1.26 billion, a P/E ratio of 22.21 and a beta of 0.55.

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.