VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Large Increase in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 125,504 shares, an increase of 585.7% from the September 30th total of 18,302 shares. Based on an average trading volume of 282,865 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

VanEck Real Assets ETF Stock Performance

Shares of VanEck Real Assets ETF stock traded up $0.10 on Tuesday, reaching $39.85. The company had a trading volume of 25,028 shares, compared to its average volume of 275,065. The firm has a market cap of $1.40 billion, a PE ratio of 22.21 and a beta of 0.57. The firm’s 50 day moving average price is $40.91 and its two-hundred day moving average price is $40.45. VanEck Real Assets ETF has a 52-week low of $33.96 and a 52-week high of $42.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RAAX. Capital Analysts LLC lifted its stake 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 worth $184,000 after purchasing an additional 1,816 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of VanEck Real Assets ETF by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock valued at $198,000 after buying an additional 492 shares in the last quarter. First Growth Capital LLC acquired a new stake in shares of VanEck Real Assets ETF in the first quarter valued at $216,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of VanEck Real Assets ETF in the second quarter valued at $210,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of VanEck Real Assets ETF in the 1st quarter valued at $220,000.

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.