VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Up 89.9% in August

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 274,919 shares, an increase of 89.9% from the July 30th total of 144,808 shares. Based on an average daily trading volume, of 337,213 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are sold short.

VanEck Real Assets ETF Price Performance

RAAX stock opened at $41.25 on Tuesday. The firm has a 50 day simple moving average of $40.23 and a two-hundred day simple moving average of $40.76. The stock has a market cap of $1.20 billion, a PE ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a one year low of $32.69 and a one year high of $42.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Echo45 Advisors LLC purchased a new position in VanEck Real Assets ETF in the 4th quarter worth approximately $829,000. Beam Wealth Advisors Inc. increased its holdings in VanEck Real Assets ETF by 4.5% during the 4th quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after purchasing an additional 31,359 shares during the period. Collaborative Wealth Managment Inc. raised its holdings in shares of VanEck Real Assets ETF by 234.2% during the first quarter. Collaborative Wealth Managment Inc. now owns 23,804 shares of the company’s stock valued at $969,000 after acquiring an additional 16,682 shares in the last quarter. Royal Bank of Canada lifted its position in shares of VanEck Real Assets ETF by 247,204.3% in the 1st quarter. Royal Bank of Canada now owns 116,233 shares of the company’s stock worth $4,732,000 after purchasing an additional 116,186 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in VanEck Real Assets ETF during the 1st quarter valued at approximately $1,500,000.

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.