VanEck Real Assets ETF (NYSEARCA:RAAX – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 25,474 shares, a growth of 101.1% from the August 31st total of 12,670 shares. Based on an average trading volume of 278,634 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
VanEck Real Assets ETF Stock Down 1.6%
RAAX stock traded down $0.66 during mid-day trading on Monday, reaching $39.89. 240,465 shares of the stock traded hands, compared to its average volume of 277,185. The firm has a market capitalization of $1.34 billion, a PE ratio of 22.21 and a beta of 0.56. The business has a 50-day moving average of $40.88 and a two-hundred day moving average of $40.83. VanEck Real Assets ETF has a 52 week low of $33.96 and a 52 week high of $42.75.
Hedge Funds Weigh In On VanEck Real Assets ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC raised its stake 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 purchasing an additional 1,816 shares during the last quarter. First Growth Capital LLC bought a new position in shares of VanEck Real Assets ETF during the 1st quarter worth about $216,000. Legacy Wealth Managment LLC ID acquired a new position in shares of VanEck Real Assets ETF during the second quarter valued at about $210,000. SteelPeak Wealth LLC acquired a new position in shares of VanEck Real Assets ETF during the first quarter valued at about $220,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of VanEck Real Assets ETF in the first quarter valued at about $277,000.
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.
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