VanEck Real Assets ETF (NYSEARCA:RAAX) Sees Significant Growth in Short Interest

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 451,295 shares, an increase of 302.3% from the February 12th total of 112,191 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average trading volume of 215,666 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 215,666 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.7% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Real Assets ETF

A number of hedge funds have recently added to or reduced their stakes in RAAX. LPL Financial LLC boosted its stake in shares of VanEck Real Assets ETF by 51.7% in the 4th quarter. LPL Financial LLC now owns 1,805,821 shares of the company’s stock worth $63,077,000 after buying an additional 615,623 shares during the last quarter. 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 valued at $12,597,000 after acquiring an additional 359,627 shares during the last quarter. CWM LLC purchased a new stake in VanEck Real Assets ETF during the fourth quarter valued at $7,542,000. Beaumont Financial Advisors LLC bought a new position in VanEck Real Assets ETF in the fourth quarter valued at about $6,756,000. Finally, Osaic Holdings Inc. boosted its position in VanEck Real Assets ETF by 4,935.9% in the fourth quarter. Osaic Holdings Inc. now owns 115,423 shares of the company’s stock worth $4,032,000 after purchasing an additional 113,131 shares during the last quarter.

VanEck Real Assets ETF Stock Down 0.7%

RAAX opened at $41.25 on Friday. The firm has a 50 day moving average price of $39.17 and a 200-day moving average price of $36.19. VanEck Real Assets ETF has a twelve month low of $27.05 and a twelve month high of $42.11. The stock has a market capitalization of $400.13 million, a price-to-earnings ratio of 22.21 and a beta of 0.65.

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.