Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Increases By 78.6%

VanEck Real Assets ETF (NYSEARCA:RAAXGet Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 237,873 shares, an increase of 78.6% from the May 31st total of 133,206 shares. Based on an average trading volume of 280,402 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the company’s shares are short sold.

VanEck Real Assets ETF Trading Down 0.9%

NYSEARCA:RAAX opened at $39.31 on Thursday. The business’s fifty day moving average price is $41.12 and its 200 day moving average price is $39.79. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a 1-year low of $31.47 and a 1-year high of $42.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RAAX. ERn Financial LLC acquired a new position in VanEck Real Assets ETF during the 4th quarter worth $3,435,000. Assetmark Inc. grew its position in shares of VanEck Real Assets ETF by 35,257.5% in the fourth quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock valued at $12,597,000 after purchasing an additional 359,627 shares during the last quarter. Visionary Horizons LLC acquired a new stake in shares of VanEck Real Assets ETF in the fourth quarter valued at about $1,169,000. ProCore Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the fourth quarter worth about $578,000. Finally, Beaumont Financial Advisors LLC bought a new position in shares of VanEck Real Assets ETF in the fourth quarter worth about $6,756,000.

About VanEck Real Assets ETF

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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.

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