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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient 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 volume of 337,213 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Trading of VanEck Real Assets ETF

A number of large investors have recently made changes to their positions in RAAX. Raymond James Financial Inc. bought a new position in shares of VanEck Real Assets ETF in the 2nd quarter valued at about $262,000. Jane Street Group LLC bought a new stake in VanEck Real Assets ETF during the second quarter worth approximately $1,163,000. Prevail Innovative Wealth Advisors LLC raised its position in VanEck Real Assets ETF by 27.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock valued at $801,000 after purchasing an additional 5,522 shares during the period. Osaic Holdings Inc. lifted its stake in shares of 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 purchasing an additional 1,810 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its stake in shares of VanEck Real Assets ETF by 47.8% in the 3rd quarter. Equitable Holdings Inc. now owns 15,083 shares of the company’s stock valued at $520,000 after purchasing an additional 4,876 shares during the last quarter.

VanEck Real Assets ETF Stock Down 1.4%

VanEck Real Assets ETF stock traded down $0.60 during mid-day trading on Friday, reaching $41.18. 208,509 shares of the company’s stock traded hands, compared to its average volume of 282,470. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. The stock has a 50 day moving average of $40.21 and a two-hundred day moving average of $40.75. VanEck Real Assets ETF has a 12-month low of $32.69 and a 12-month high of $42.75.

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.