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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 274,919 shares, an increase of 89.9% from the July 30th total of 144,808 shares. Based on an average daily trading volume, of 337,213 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of hedge funds have recently modified their holdings of the business. Tucker Asset Management LLC raised its holdings in VanEck Real Assets ETF by 113.6% in the 2nd quarter. Tucker Asset Management LLC now owns 14,300 shares of the company’s stock valued at $567,000 after buying an additional 7,606 shares during the period. PCG Wealth Advisors LLC boosted its stake in VanEck Real Assets ETF by 167.4% during the second quarter. PCG Wealth Advisors LLC now owns 99,818 shares of the company’s stock worth $3,960,000 after buying an additional 62,483 shares during the period. Echo45 Advisors LLC increased its position in shares of VanEck Real Assets ETF by 10.8% during the second quarter. Echo45 Advisors LLC now owns 26,359 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,572 shares during the last quarter. Kraematon Investment Advisors Inc. increased its position in shares of VanEck Real Assets ETF by 12.2% during the second quarter. Kraematon Investment Advisors Inc. now owns 11,741 shares of the company’s stock valued at $466,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of VanEck Real Assets ETF in the 2nd quarter valued at approximately $210,000.

VanEck Real Assets ETF Stock Performance

Shares of NYSEARCA RAAX traded up $0.07 during midday trading on Monday, reaching $41.25. 188,488 shares of the stock were exchanged, compared to its average volume of 281,905. The stock has a market capitalization of $1.20 billion, a P/E ratio of 22.21 and a beta of 0.55. The company has a 50 day simple moving average of $40.23 and a 200 day simple moving average of $40.76. VanEck Real Assets ETF has a twelve month low of $32.69 and a twelve month high of $42.75.

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.