VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Update

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 72,697 shares, an increase of 112.2% from the November 30th total of 34,256 shares. Based on an average daily volume of 57,907 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the company’s shares are short sold. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 57,907 shares, the days-to-cover ratio is currently 1.3 days.

VanEck Real Assets ETF Stock Performance

Shares of RAAX stock traded up $0.12 during trading hours on Friday, hitting $36.53. 37,176 shares of the company were exchanged, compared to its average volume of 37,567. VanEck Real Assets ETF has a fifty-two week low of $27.05 and a fifty-two week high of $37.11. The firm has a market cap of $216.62 million, a P/E ratio of 22.21 and a beta of 0.65. The company has a 50 day simple moving average of $35.17 and a two-hundred day simple moving average of $33.56.

Hedge Funds Weigh In On VanEck Real Assets ETF

Several large investors have recently modified their holdings of the business. Magnus Financial Group LLC increased its position in shares of VanEck Real Assets ETF by 12.0% in the second quarter. Magnus Financial Group LLC now owns 44,340 shares of the company’s stock valued at $1,377,000 after acquiring an additional 4,762 shares during the period. Journey Strategic Wealth LLC boosted its stake in VanEck Real Assets ETF by 11.3% during the second quarter. Journey Strategic Wealth LLC now owns 23,475 shares of the company’s stock worth $729,000 after acquiring an additional 2,385 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of VanEck Real Assets ETF in the 2nd quarter worth approximately $511,000. Stratos Wealth Partners LTD. increased its holdings in shares of VanEck Real Assets ETF by 13.4% during the second quarter. Stratos Wealth Partners LTD. now owns 11,602 shares of the company’s stock valued at $360,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Entrewealth LLC increased its stake in VanEck Real Assets ETF by 11.3% during the 2nd quarter. Entrewealth LLC now owns 25,815 shares of the company’s stock valued at $802,000 after purchasing an additional 2,616 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.