VanEck Real Assets ETF (NYSEARCA:RAAX) Stock Short Interest Climbs 101.1%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 25,474 shares, an increase of 101.1% from the August 31st total of 12,670 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 278,634 shares, the days-to-cover ratio is presently 0.1 days.

VanEck Real Assets ETF Trading Down 0.1%

Shares of RAAX opened at $39.89 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 22.21 and a beta of 0.56. The company’s fifty day simple moving average is $40.89 and its 200 day simple moving average is $40.81. VanEck Real Assets ETF has a 1-year low of $33.96 and a 1-year high of $42.75.

Institutional Investors Weigh In On VanEck Real Assets ETF

A number of large investors have recently added to or reduced their stakes in RAAX. Envestnet Asset Management Inc. boosted its position in VanEck Real Assets ETF by 315.3% during the second quarter. Envestnet Asset Management Inc. now owns 147,451 shares of the company’s stock worth $5,849,000 after purchasing an additional 111,945 shares during the period. The Manufacturers Life Insurance Company bought a new position in VanEck Real Assets ETF in the 2nd quarter valued at about $714,000. Archford Capital Strategies LLC lifted its position in VanEck Real Assets ETF by 3.4% during the second quarter. Archford Capital Strategies LLC now owns 64,908 shares of the company’s stock worth $2,575,000 after acquiring an additional 2,109 shares during the last quarter. Capital Analysts LLC grew its position in shares of 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 last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in VanEck Real Assets ETF by 51.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,411 shares of the company’s stock worth $334,000 after purchasing an additional 2,868 shares during 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.