Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Increases By 112.2%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 72,697 shares, a growth of 112.2% from the November 30th total of 34,256 shares. Based on an average daily volume of 57,907 shares, the short-interest ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock are sold short. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 57,907 shares, the short-interest ratio is presently 1.3 days.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA:RAAX opened at $36.53 on Monday. The business’s fifty day moving average price is $35.17 and its two-hundred day moving average price is $33.59. The stock has a market cap of $216.62 million, a PE ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a one year low of $27.05 and a one year high of $37.11.

Institutional Trading of VanEck Real Assets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RAAX. Assetmark Inc. acquired a new stake in shares of VanEck Real Assets ETF during the 2nd quarter worth about $32,000. Realta Investment Advisors purchased a new position in shares of VanEck Real Assets ETF during the third quarter valued at approximately $41,000. Osaic Holdings Inc. boosted its position in VanEck Real Assets ETF by 332.7% during the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after acquiring an additional 1,810 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in VanEck Real Assets ETF by 1,576.3% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 4,392 shares of the company’s stock worth $151,000 after acquiring an additional 4,130 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in VanEck Real Assets ETF in the 3rd quarter valued at $223,000.

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.