VanEck Retail ETF (NASDAQ:RTH) Short Interest Update

VanEck Retail ETF (NASDAQ:RTH) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,964 shares, a drop of 57.6% from the June 15th total of 11,700 shares. Based on an average daily volume of 5,268 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

VanEck Retail ETF Price Performance

RTH stock traded down $1.81 during trading on Tuesday, reaching $257.24. 3,395 shares of the company were exchanged, compared to its average volume of 5,621. The company has a 50-day moving average of $259.79 and a two-hundred day moving average of $259.62. The company has a market capitalization of $249.52 million, a price-to-earnings ratio of 23.92 and a beta of 0.85. VanEck Retail ETF has a twelve month low of $236.24 and a twelve month high of $271.99.

Institutional Investors Weigh In On VanEck Retail ETF

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in VanEck Retail ETF by 7.7% during 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. raised its stake in VanEck Retail ETF by 4.3% during the fourth quarter. Equitable Holdings Inc. now owns 28,472 shares of the company’s stock worth $7,104,000 after buying an additional 1,167 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 position in VanEck Retail ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 23,947 shares of the company’s stock valued at $6,008,000 after acquiring an additional 2,918 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in VanEck Retail ETF by 3.8% during the third quarter. JPMorgan Chase & Co. now owns 20,753 shares of the company’s stock valued at $5,207,000 after acquiring an additional 753 shares during the last quarter. Institutional investors own 25.85% of the company’s stock.

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.