VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Up 78.6% in June

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 237,873 shares, a growth of 78.6% from the May 31st total of 133,206 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 280,402 shares, the short-interest ratio is currently 0.8 days.

VanEck Real Assets ETF Price Performance

Shares of VanEck Real Assets ETF stock opened at $39.37 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of 22.21 and a beta of 0.55. The stock’s 50 day simple moving average is $41.08 and its 200-day simple moving average is $39.82. VanEck Real Assets ETF has a 1-year low of $31.48 and a 1-year high of $42.75.

Institutional Investors Weigh In On VanEck Real Assets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new stake in shares of VanEck Real Assets ETF in the 4th quarter valued at $43,000. NewEdge Advisors LLC boosted its holdings in VanEck Real Assets ETF by 514.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock valued at $66,000 after acquiring an additional 1,585 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 1,807 shares in the last quarter. Osaic Holdings Inc. grew its position 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 valued at $73,000 after acquiring an additional 1,810 shares in the last quarter. Finally, First Growth Capital LLC acquired a new position in VanEck Real Assets ETF in the 1st quarter valued at about $216,000.

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.