VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Up 302.3% in February

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 451,295 shares, a growth of 302.3% from the February 12th total of 112,191 shares. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 215,666 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 215,666 shares, the short-interest ratio is presently 2.1 days. Currently, 4.7% of the shares of the stock are short sold.

VanEck Real Assets ETF Price Performance

VanEck Real Assets ETF stock traded down $0.05 during trading on Wednesday, reaching $41.23. 137,398 shares of the company were exchanged, compared to its average volume of 276,668. The stock’s 50 day simple moving average is $38.91 and its two-hundred day simple moving average is $36.12. The company has a market capitalization of $399.93 million, a P/E ratio of 22.21 and a beta of 0.65. VanEck Real Assets ETF has a 52-week low of $27.05 and a 52-week high of $42.11.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of VanEck Real Assets ETF by 51.7% in the 4th quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock valued at $63,077,000 after buying an additional 615,623 shares during the period. Beam Wealth Advisors Inc. grew its position in VanEck Real Assets ETF by 4.5% in the fourth quarter. Beam Wealth Advisors Inc. now owns 733,148 shares of the company’s stock worth $25,609,000 after acquiring an additional 31,359 shares during the period. Assetmark Inc. increased its stake in VanEck Real Assets ETF by 35,257.5% during the fourth quarter. Assetmark Inc. now owns 360,647 shares of the company’s stock worth $12,597,000 after acquiring an additional 359,627 shares during the last quarter. CWM LLC purchased a new position in VanEck Real Assets ETF in the 4th quarter valued at approximately $7,542,000. Finally, Copley Financial Group Inc. grew its stake in shares of VanEck Real Assets ETF by 2.6% in the third quarter. Copley Financial Group Inc. now owns 198,809 shares of the company’s stock worth $6,851,000 after acquiring an additional 5,022 shares in 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.