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

VanEck Real Assets ETF (NYSEARCA:RAAX) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 133,206 shares, a decrease of 49.0% from the May 14th total of 261,232 shares. Based on an average daily volume of 233,071 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

VanEck Real Assets ETF Trading Up 2.3%

RAAX opened at $41.09 on Friday. The stock has a 50-day moving average price of $41.49 and a 200-day moving average price of $39.36. VanEck Real Assets ETF has a 12-month low of $31.05 and a 12-month high of $42.75. The stock has a market capitalization of $875.22 million, a P/E ratio of 22.21 and a beta of 0.54.

Hedge Funds Weigh In On VanEck Real Assets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RAAX. Tucker Asset Management LLC purchased a new position in shares of VanEck Real Assets ETF in the 4th quarter worth about $43,000. NewEdge Advisors LLC boosted its holdings in shares of VanEck Real Assets ETF by 514.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,893 shares of the company’s stock worth $66,000 after purchasing an additional 1,585 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of VanEck Real Assets ETF by 1,129.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,967 shares of the company’s stock worth $69,000 after purchasing an additional 1,807 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of VanEck Real Assets ETF by 332.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,354 shares of the company’s stock worth $73,000 after purchasing an additional 1,810 shares in the last quarter. Finally, First Growth Capital LLC purchased a new position in shares of VanEck Real Assets ETF in the 1st quarter worth about $216,000.

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.