Short Interest in VanEck Retail ETF (NASDAQ:RTH) Declines By 57.6%

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

Institutional Investors Weigh In On VanEck Retail ETF

Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new position in shares of VanEck Retail ETF in the fourth quarter worth $25,000. Steward Partners Investment Advisory LLC grew its stake in shares of VanEck Retail ETF by 31.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 165 shares of the company’s stock valued at $41,000 after buying an additional 39 shares in the last quarter. Union Savings Bank acquired a new position in VanEck Retail ETF in the fourth quarter worth approximately $50,000. Strive Financial Group LLC acquired a new stake in VanEck Retail ETF in the fourth quarter valued at approximately $80,000. Finally, Kestra Advisory Services LLC bought a new stake in VanEck Retail ETF in the fourth quarter worth approximately $148,000. 25.85% of the stock is currently owned by institutional investors and hedge funds.

VanEck Retail ETF Stock Performance

Shares of NASDAQ:RTH traded up $4.68 on Thursday, hitting $263.53. The company’s stock had a trading volume of 4,845 shares, compared to its average volume of 5,610. The company has a market capitalization of $255.62 million, a price-to-earnings ratio of 23.92 and a beta of 0.85. The stock’s 50-day moving average is $259.38 and its two-hundred day moving average is $259.70. VanEck Retail ETF has a 12 month low of $236.46 and a 12 month 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.