VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 125,504 shares, a growth of 585.7% from the September 30th total of 18,302 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 282,865 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Capital Analysts LLC boosted its holdings in VanEck Real Assets ETF by 64.7% during the 2nd quarter. Capital Analysts LLC now owns 4,624 shares of the company’s stock valued at $184,000 after acquiring an additional 1,816 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of VanEck Real Assets ETF by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 4,983 shares of the company’s stock valued at $198,000 after purchasing an additional 492 shares in the last quarter. First Growth Capital LLC acquired a new position in shares of VanEck Real Assets ETF in the first quarter valued at approximately $216,000. Legacy Wealth Managment LLC ID acquired a new position in shares of VanEck Real Assets ETF in the second quarter valued at approximately $210,000. Finally, SteelPeak Wealth LLC purchased a new stake in VanEck Real Assets ETF during the 1st quarter worth approximately $220,000.
VanEck Real Assets ETF Price Performance
NYSEARCA RAAX traded down $0.13 on Thursday, hitting $40.14. The company had a trading volume of 64,981 shares, compared to its average volume of 275,407. The company’s fifty day moving average price is $40.85 and its 200-day moving average price is $40.49. The company has a market capitalization of $1.41 billion, a PE ratio of 22.21 and a beta of 0.57. VanEck Real Assets ETF has a 12-month low of $33.96 and a 12-month high of $42.75.
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.
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