VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Down 95.4% in August

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 12,670 shares, a drop of 95.4% from the August 15th total of 274,919 shares. Based on an average trading volume of 282,141 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck Real Assets ETF

Several institutional investors have recently bought and sold shares of RAAX. Raymond James Financial Inc. purchased a new position in VanEck Real Assets ETF during the 2nd quarter worth $262,000. Jane Street Group LLC purchased a new stake in shares of VanEck Real Assets ETF in the second quarter valued at about $1,163,000. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of VanEck Real Assets ETF by 27.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock valued at $801,000 after purchasing an additional 5,522 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of VanEck Real Assets ETF by 332.7% in the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock valued at $73,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of VanEck Real Assets ETF by 47.8% during the third quarter. Equitable Holdings Inc. now owns 15,083 shares of the company’s stock valued at $520,000 after purchasing an additional 4,876 shares in the last quarter.

VanEck Real Assets ETF Stock Performance

RAAX traded down $0.05 during midday trading on Friday, reaching $41.48. 352,280 shares of the company were exchanged, compared to its average volume of 281,856. The company’s fifty day moving average price is $40.60 and its 200 day moving average price is $40.85. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 22.21 and a beta of 0.56. VanEck Real Assets ETF has a one year low of $33.35 and a one year high of $42.75.

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.