VanEck Retail ETF (NASDAQ:RTH) Short Interest Update

VanEck Retail ETF (NASDAQ:RTH) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,964 shares, a decrease of 57.6% from the June 15th total of 11,700 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 5,268 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of VanEck Retail ETF by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 45,060 shares of the company’s stock valued at $11,305,000 after purchasing an additional 3,213 shares during the period. Equitable Holdings Inc. lifted its stake in VanEck Retail ETF by 4.3% in the fourth quarter. Equitable Holdings Inc. now owns 28,472 shares of the company’s stock valued at $7,104,000 after buying an additional 1,167 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in VanEck Retail ETF by 241.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,617 shares of the company’s stock valued at $6,391,000 after buying an additional 18,113 shares during the period. Cetera Investment Advisers boosted its holdings in VanEck Retail ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock worth $6,008,000 after buying an additional 2,918 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in VanEck Retail ETF by 3.8% during the third quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock worth $5,207,000 after buying an additional 753 shares during the last quarter. Institutional investors and hedge funds own 25.85% of the company’s stock.

VanEck Retail ETF Price Performance

Shares of NASDAQ RTH traded up $1.37 during trading hours on Wednesday, hitting $259.49. 4,850 shares of the company’s stock were exchanged, compared to its average volume of 5,616. The company’s 50-day moving average price is $259.57 and its 200-day moving average price is $259.66. The stock has a market capitalization of $251.71 million, a price-to-earnings ratio of 23.92 and a beta of 0.85. VanEck Retail ETF has a 1-year low of $236.24 and a 1-year high of $271.99.

About VanEck Retail ETF

The VanEck Retail ETF (RTH) is an exchange-traded fund that is based on the MVIS US Listed Retail 25 index, a market-cap-weighted index of the 25 largest US-listed companies that derive most of their revenue from retail. RTH was launched on May 2, 2001 and is managed by VanEck.