VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Update

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,670 shares, a decline of 95.4% from the August 15th total of 274,919 shares. Based on an average daily volume of 282,141 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new position in VanEck Real Assets ETF during the 2nd quarter valued at about $714,000. Archford Capital Strategies LLC boosted its holdings in shares of VanEck Real Assets ETF by 3.4% during the second quarter. Archford Capital Strategies LLC now owns 64,908 shares of the company’s stock worth $2,575,000 after purchasing an additional 2,109 shares during the period. Capital Analysts LLC boosted its holdings in shares of 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 during the period. Integrated Wealth Concepts LLC grew its position in VanEck Real Assets ETF by 51.7% during the second quarter. Integrated Wealth Concepts LLC now owns 8,411 shares of the company’s stock valued at $334,000 after purchasing an additional 2,868 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in VanEck Real Assets ETF during the second quarter valued at approximately $2,147,000.

VanEck Real Assets ETF Stock Down 0.8%

Shares of RAAX traded down $0.34 during mid-day trading on Thursday, reaching $41.53. The company’s stock had a trading volume of 463,976 shares, compared to its average volume of 281,450. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 22.21 and a beta of 0.56. The business has a fifty day moving average of $40.55 and a 200 day moving average of $40.85. VanEck Real Assets ETF has a 1 year low of $33.19 and a 1 year high of $42.75.

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.