Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Increases By 59.5%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 112,191 shares, an increase of 59.5% from the January 29th total of 70,345 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 508,926 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 508,926 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.2% of the shares of the company are sold short.

VanEck Real Assets ETF Stock Up 1.1%

RAAX stock traded up $0.46 during mid-day trading on Friday, reaching $41.51. The company had a trading volume of 310,610 shares, compared to its average volume of 266,703. VanEck Real Assets ETF has a one year low of $27.05 and a one year high of $41.51. The stock has a market capitalization of $402.65 million, a P/E ratio of 22.21 and a beta of 0.65. The stock’s 50-day simple moving average is $38.18 and its two-hundred day simple moving average is $35.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of VanEck Real Assets ETF during the 2nd quarter valued at $32,000. Beam Wealth Advisors Inc. boosted its stake in VanEck Real Assets ETF by 24.5% during the second quarter. Beam Wealth Advisors Inc. now owns 657,734 shares of the company’s stock valued at $20,423,000 after buying an additional 129,497 shares in the last quarter. Entrewealth LLC grew its holdings in VanEck Real Assets ETF by 11.3% during the second quarter. Entrewealth LLC now owns 25,815 shares of the company’s stock worth $802,000 after acquiring an additional 2,616 shares during the period. Avalon Capital Management grew its holdings in VanEck Real Assets ETF by 7.2% during the second quarter. Avalon Capital Management now owns 82,607 shares of the company’s stock worth $2,565,000 after acquiring an additional 5,528 shares during the period. Finally, Austin Wealth Management LLC raised its position in VanEck Real Assets ETF by 5.4% in the second quarter. Austin Wealth Management LLC now owns 64,864 shares of the company’s stock worth $2,062,000 after acquiring an additional 3,332 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.