VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Update
by Mitch Edgeman · The Markets DailyVanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 272,992 shares, an increase of 610.5% from the March 15th total of 38,420 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 286,616 shares, the short-interest ratio is presently 1.0 days.
VanEck Real Assets ETF Price Performance
RAAX stock traded down $0.15 during midday trading on Friday, reaching $41.25. 186,121 shares of the company’s stock traded hands, compared to its average volume of 290,081. The company has a market capitalization of $793.24 million, a P/E ratio of 22.21 and a beta of 0.58. VanEck Real Assets ETF has a fifty-two week low of $28.32 and a fifty-two week high of $42.11. The business has a 50-day moving average price of $40.45 and a two-hundred day moving average price of $37.27.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in RAAX. Flow Traders U.S. LLC acquired a new position in shares of VanEck Real Assets ETF during the second quarter worth $511,000. Raymond James Financial Inc. acquired a new position in shares of VanEck Real Assets ETF during the second quarter worth $262,000. Jane Street Group LLC acquired a new position in shares of VanEck Real Assets ETF during the second quarter worth $1,163,000. Prevail Innovative Wealth Advisors LLC lifted its position in shares of VanEck Real Assets ETF by 27.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 25,796 shares of the company’s stock worth $801,000 after purchasing an additional 5,522 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of VanEck Real Assets ETF by 332.7% during 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 in the last quarter.
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.