VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Large Increase in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 111,577 shares, a growth of 69.2% from the December 31st total of 65,944 shares. Based on an average daily trading volume, of 139,015 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 139,015 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Real Assets ETF Stock Performance

VanEck Real Assets ETF stock opened at $38.55 on Monday. VanEck Real Assets ETF has a fifty-two week low of $27.05 and a fifty-two week high of $40.92. The stock’s 50 day simple moving average is $36.39 and its two-hundred day simple moving average is $34.55. The stock has a market cap of $362.37 million, a price-to-earnings ratio of 22.21 and a beta of 0.65.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of VanEck Real Assets ETF during the 2nd quarter valued at $32,000. Realta Investment Advisors bought a new stake in VanEck Real Assets ETF during the third quarter worth about $41,000. Osaic Holdings Inc. grew its holdings in VanEck Real Assets ETF by 332.7% in the second quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of VanEck Real Assets ETF by 1,576.3% during the third quarter. Capital Investment Advisory Services LLC now owns 4,392 shares of the company’s stock valued at $151,000 after purchasing an additional 4,130 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of VanEck Real Assets ETF during the third quarter valued at approximately $223,000.

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.