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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 38,420 shares, a drop of 91.5% from the February 26th total of 451,295 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 326,565 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 326,565 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

VanEck Real Assets ETF Stock Performance

RAAX stock traded up $0.44 during trading on Wednesday, hitting $39.96. The stock had a trading volume of 191,972 shares, compared to its average volume of 269,085. The stock has a market cap of $387.61 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. The company’s 50 day moving average price is $39.84 and its two-hundred day moving average price is $36.66. VanEck Real Assets ETF has a 1-year low of $27.05 and a 1-year high of $42.11.

Hedge Funds Weigh In On VanEck Real Assets ETF

Several institutional investors and hedge funds have recently modified their holdings of RAAX. FAS Wealth Partners Inc. lifted its position in VanEck Real Assets ETF by 174.3% during the fourth quarter. FAS Wealth Partners Inc. now owns 21,909 shares of the company’s stock worth $765,000 after buying an additional 13,922 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of VanEck Real Assets ETF by 514.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock worth $66,000 after acquiring an additional 1,585 shares during the period. Main Street Financial Solutions LLC acquired a new stake in shares of VanEck Real Assets ETF in the fourth quarter worth approximately $1,577,000. Cetera Investment Advisers grew its holdings in VanEck Real Assets ETF by 60.8% in the fourth quarter. Cetera Investment Advisers now owns 49,407 shares of the company’s stock valued at $1,726,000 after purchasing an additional 18,685 shares during the period. Finally, Equitable Holdings Inc. grew its holdings in VanEck Real Assets ETF by 4.6% in the fourth quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock valued at $551,000 after purchasing an additional 693 shares during the period.

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.