VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Update
by Jessica Moore · The Cerbat GemVanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 172,743 shares, a drop of 48.3% from the April 15th total of 334,372 shares. Based on an average trading volume of 221,797 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of RAAX. Prevail Innovative Wealth Advisors LLC lifted its stake in shares of VanEck Real Assets ETF by 1.4% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 26,169 shares of the company’s stock valued at $902,000 after buying an additional 373 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of VanEck Real Assets ETF by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,052 shares of the company’s stock worth $415,000 after acquiring an additional 450 shares during the last quarter. Etesian Wealth Advisors Inc. raised its holdings in shares of VanEck Real Assets ETF by 10.4% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 7,135 shares of the company’s stock worth $290,000 after acquiring an additional 671 shares during the last quarter. Equitable Holdings Inc. lifted its position in VanEck Real Assets ETF by 4.6% in the 4th quarter. Equitable Holdings Inc. now owns 15,776 shares of the company’s stock valued at $551,000 after acquiring an additional 693 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in VanEck Real Assets ETF by 12.9% in the 4th quarter. Kestra Advisory Services LLC now owns 8,983 shares of the company’s stock valued at $314,000 after acquiring an additional 1,025 shares in the last quarter.
VanEck Real Assets ETF Stock Performance
Shares of NYSEARCA RAAX traded down $0.67 during midday trading on Friday, hitting $41.86. 264,635 shares of the stock traded hands, compared to its average volume of 276,970. VanEck Real Assets ETF has a one year low of $30.14 and a one year high of $42.75. The business has a 50 day moving average price of $41.25 and a two-hundred day moving average price of $38.44. The company has a market cap of $891.62 million, a PE ratio of 22.21 and a beta of 0.56.
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.