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

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 133,206 shares, a drop of 49.0% from the May 14th total of 261,232 shares. Based on an average daily trading volume, of 233,071 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

VanEck Real Assets ETF Stock Down 0.9%

RAAX traded down $0.38 on Monday, reaching $40.71. 297,594 shares of the company traded hands, compared to its average volume of 273,795. VanEck Real Assets ETF has a one year low of $31.05 and a one year high of $42.75. The firm has a fifty day simple moving average of $41.48 and a two-hundred day simple moving average of $39.43. The company has a market cap of $867.12 million, a P/E ratio of 22.21 and a beta of 0.54.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several large investors have recently modified their holdings of RAAX. Raymond James Financial Inc. bought a new stake 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 shares of VanEck Real Assets ETF in the 2nd quarter valued at about $1,163,000. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of VanEck Real Assets ETF by 27.2% in the 2nd 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 in the last quarter. Osaic Holdings Inc. raised its holdings 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 in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of VanEck Real Assets ETF by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock valued at $415,000 after purchasing an additional 450 shares in the last quarter.

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.