VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Up 89.9% in August

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 274,919 shares, a growth of 89.9% from the July 30th total of 144,808 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 337,213 shares, the short-interest ratio is presently 0.8 days.

VanEck Real Assets ETF Stock Down 1.4%

NYSEARCA:RAAX traded down $0.60 during mid-day trading on Friday, hitting $41.18. 208,509 shares of the company traded hands, compared to its average volume of 282,470. The stock’s fifty day moving average price is $40.21 and its 200-day moving average price is $40.75. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a one year low of $32.69 and a one year high of $42.75.

Institutional Inflows and Outflows

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

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.