VanEck Real Assets ETF (NYSEARCA:RAAX) Short Interest Up 112.2% in December
by Sarita Garza · The Markets DailyVanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 72,697 shares, a growth of 112.2% from the November 30th total of 34,256 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 57,907 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 57,907 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are sold short.
VanEck Real Assets ETF Stock Up 0.3%
NYSEARCA RAAX traded up $0.12 on Friday, reaching $36.53. 37,176 shares of the stock traded hands, compared to its average volume of 37,567. The firm’s fifty day simple moving average is $35.17 and its 200 day simple moving average is $33.56. VanEck Real Assets ETF has a 12 month low of $27.05 and a 12 month high of $37.11. The company has a market cap of $216.62 million, a price-to-earnings ratio of 22.21 and a beta of 0.65.
Hedge Funds Weigh In On VanEck Real Assets ETF
Several large investors have recently bought and sold shares of RAAX. Assetmark Inc. acquired a new stake in VanEck Real Assets ETF in the 2nd quarter valued at $32,000. Realta Investment Advisors acquired a new stake in VanEck Real Assets ETF in the third quarter worth about $41,000. Osaic Holdings Inc. raised its stake 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 buying an additional 1,810 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in VanEck Real Assets ETF by 1,576.3% in the third quarter. Capital Investment Advisory Services LLC now owns 4,392 shares of the company’s stock valued at $151,000 after buying an additional 4,130 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in VanEck Real Assets ETF during the 3rd quarter worth approximately $223,000.
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.