VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Significant Decline in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 70,345 shares, a decrease of 37.0% from the January 15th total of 111,577 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 198,314 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 198,314 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of large investors have recently made changes to their positions in RAAX. Assetmark Inc. acquired a new position in VanEck Real Assets ETF during the 2nd quarter valued at about $32,000. Realta Investment Advisors purchased a new stake in shares of VanEck Real Assets ETF during the third quarter worth about $41,000. Tucker Asset Management LLC acquired a new position in shares of VanEck Real Assets ETF during the fourth quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. raised its position in shares of VanEck Real Assets ETF by 1,129.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock valued at $69,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in VanEck Real Assets ETF by 332.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares in the last quarter.

VanEck Real Assets ETF Stock Up 1.1%

Shares of NYSEARCA RAAX traded up $0.42 during mid-day trading on Friday, reaching $40.00. 41,724 shares of the company were exchanged, compared to its average volume of 275,448. VanEck Real Assets ETF has a 1 year low of $27.05 and a 1 year high of $40.92. The stock has a market cap of $387.97 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. The firm has a 50-day moving average of $37.10 and a 200 day moving average of $34.96.

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.