VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Significant Growth in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 125,504 shares, an increase of 585.7% from the September 30th total of 18,302 shares. Based on an average daily trading volume, of 282,865 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA RAAX traded up $0.10 during midday trading on Tuesday, reaching $39.85. 25,028 shares of the stock were exchanged, compared to its average volume of 275,065. The stock has a market capitalization of $1.40 billion, a P/E ratio of 22.21 and a beta of 0.57. The company has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $40.45. VanEck Real Assets ETF has a twelve month low of $33.96 and a twelve month high of $42.75.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RAAX. Capital Analysts LLC raised its position in VanEck Real Assets ETF by 64.7% in the second quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after purchasing an additional 1,816 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of VanEck Real Assets ETF by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock worth $198,000 after purchasing an additional 492 shares during the period. Legacy Wealth Managment LLC ID purchased a new position in shares of VanEck Real Assets ETF during the 2nd quarter worth $210,000. First Growth Capital LLC purchased a new position in shares of VanEck Real Assets ETF during the 1st quarter worth $216,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of VanEck Real Assets ETF during the 1st quarter worth about $220,000.

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.