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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 20,000 shares, agrowthof117.4% from the July 15th total of 9,200 shares. Currently,0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 24,000 shares, the short-interest ratio is currently 0.8 days. Currently,0.5% of the shares of the stock are short sold.

VanEck Real Assets ETF Stock Down 0.5%

RAAX stock opened at $31.87 on Tuesday. The company’s 50-day moving average price is $31.82 and its two-hundred day moving average price is $30.54. The firm has a market cap of $133.22 million, a P/E ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a 12 month low of $27.05 and a 12 month high of $32.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. boosted its holdings in shares of VanEck Real Assets ETF by 6.5% in the 1st quarter. FAS Wealth Partners Inc. now owns 6,787 shares of the company’s stock valued at $207,000 after purchasing an additional 413 shares in the last quarter. Journey Strategic Wealth LLC grew its position in VanEck Real Assets ETF by 2.2% in the first quarter. Journey Strategic Wealth LLC now owns 21,090 shares of the company’s stock valued at $642,000 after acquiring an additional 461 shares during the last quarter. Brentview Investment Management LLC acquired a new position in VanEck Real Assets ETF during the first quarter worth about $30,000. Assetmark Inc. acquired a new position in VanEck Real Assets ETF during the second quarter worth about $32,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of VanEck Real Assets ETF by 13.4% in the second quarter. Stratos Wealth Partners LTD. now owns 11,602 shares of the company’s stock worth $360,000 after acquiring an additional 1,374 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.