Short Interest in VanEck Real Assets ETF (NYSEARCA:RAAX) Decreases By 36.1%

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 151,898 shares, a decrease of 36.1% from the June 15th total of 237,873 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 308,367 shares, the short-interest ratio is presently 0.5 days.

VanEck Real Assets ETF Price Performance

RAAX traded up $0.21 on Friday, reaching $39.44. 192,825 shares of the company’s stock were exchanged, compared to its average volume of 277,630. The stock has a market cap of $1.08 billion, a PE ratio of 22.21 and a beta of 0.55. VanEck Real Assets ETF has a twelve month low of $31.48 and a twelve month high of $42.75. The stock’s fifty day moving average price is $40.60 and its 200-day moving average price is $40.07.

Institutional Trading of VanEck Real Assets ETF

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of VanEck Real Assets ETF by 2,052.3% during the 1st quarter. Cetera Investment Advisers now owns 1,063,396 shares of the company’s stock worth $43,291,000 after acquiring an additional 1,013,989 shares during the period. Berger Financial Group Inc purchased a new stake in shares of VanEck Real Assets ETF in the first quarter valued at about $32,973,000. LPL Financial LLC grew its holdings in shares of VanEck Real Assets ETF by 51.7% in the fourth quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock valued at $63,077,000 after purchasing an additional 615,623 shares during the period. Assetmark Inc. increased its position 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 purchasing an additional 359,627 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in VanEck Real Assets ETF during the first quarter worth about $10,703,000.

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.