VanEck Retail ETF (NASDAQ:RTH – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 12,166 shares, an increase of 125.2% from the July 15th total of 5,402 shares. Based on an average daily volume of 5,446 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.3% of the shares of the company are sold short.
VanEck Retail ETF Stock Down 0.1%
RTH opened at $269.28 on Friday. The stock’s 50 day moving average price is $261.02 and its two-hundred day moving average price is $260.80. The firm has a market capitalization of $258.51 million, a P/E ratio of 23.92 and a beta of 0.85. VanEck Retail ETF has a 12-month low of $242.88 and a 12-month high of $275.19.
Institutional Investors Weigh In On VanEck Retail ETF
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of VanEck Retail ETF by 584.0% in the first quarter. Royal Bank of Canada now owns 10,212 shares of the company’s stock worth $2,563,000 after acquiring an additional 8,719 shares during the last quarter. Cetera Investment Advisers increased 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 worth $6,008,000 after acquiring an additional 2,918 shares during the period. Private Advisor Group LLC raised its stake in VanEck Retail ETF by 5.8% during the 1st quarter. Private Advisor Group LLC now owns 1,890 shares of the company’s stock valued at $474,000 after purchasing an additional 104 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in VanEck Retail ETF during the 4th quarter valued at $25,000. Finally, Union Savings Bank bought a new stake in VanEck Retail ETF in the 4th quarter valued at $50,000. 25.85% of the stock is owned by institutional investors.
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.
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