VanEck Retail ETF (NASDAQ:RTH) Short Interest Down 17.6% in August

VanEck Retail ETF (NASDAQ:RTH) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 12,600 shares, a decrease of 17.6% from the August 15th total of 15,300 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in VanEck Retail ETF in the fourth quarter worth about $86,000. AE Wealth Management LLC raised its position in shares of VanEck Retail ETF by 17.8% during the 2nd quarter. AE Wealth Management LLC now owns 1,389 shares of the company’s stock worth $286,000 after buying an additional 210 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of VanEck Retail ETF by 15.4% in the first quarter. Private Advisor Group LLC now owns 1,768 shares of the company’s stock valued at $373,000 after acquiring an additional 236 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of VanEck Retail ETF during the first quarter valued at approximately $441,000. Finally, WBI Investments LLC bought a new stake in VanEck Retail ETF during the first quarter worth approximately $452,000. Institutional investors own 25.85% of the company’s stock.

VanEck Retail ETF Price Performance

Shares of RTH stock opened at $212.83 on Monday. The business has a 50 day simple moving average of $206.10 and a 200 day simple moving average of $204.85. The firm has a market capitalization of $217.09 million, a price-to-earnings ratio of 29.36 and a beta of 0.88. VanEck Retail ETF has a 12-month low of $162.97 and a 12-month high of $213.34.

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.