VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Down 36.1% in June

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 151,898 shares, a drop of 36.1% from the June 15th total of 237,873 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 308,367 shares, the short-interest ratio is presently 0.5 days.

VanEck Real Assets ETF Price Performance

Shares of RAAX stock traded up $0.21 during trading on Friday, hitting $39.44. 192,825 shares of the stock traded hands, compared to its average volume of 277,630. VanEck Real Assets ETF has a 52-week low of $31.48 and a 52-week high of $42.75. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.21 and a beta of 0.55. The firm’s fifty day moving average price is $40.60 and its 200-day moving average price is $40.07.

Institutional Investors Weigh In On VanEck Real Assets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in shares of VanEck Real Assets ETF by 51.7% during the 4th quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after purchasing an additional 615,623 shares during the period. Cetera Investment Advisers raised its holdings in VanEck Real Assets ETF by 2,052.3% in the 1st quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock valued at $43,291,000 after buying an additional 1,013,989 shares during the period. Berger Financial Group Inc purchased a new stake in VanEck Real Assets ETF in the 1st quarter valued at about $32,973,000. Beam Wealth Advisors Inc. raised its holdings in VanEck Real Assets ETF by 4.5% in the 4th quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock valued at $25,609,000 after buying an additional 31,359 shares during the period. Finally, Assetmark Inc. lifted its position in VanEck Real Assets ETF by 12.8% in the first quarter. Assetmark Inc. now owns 406,755 shares of the company’s stock valued at $16,559,000 after buying an additional 46,108 shares during the last quarter.

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.