VanEck ChiNext ETF (NYSEARCA:CNXT) Sees Large Decline in Short Interest

VanEck ChiNext ETF (NYSEARCA:CNXTGet Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 126,734 shares, a drop of 62.4% from the June 30th total of 336,722 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average trading volume of 134,221 shares, the days-to-cover ratio is currently 0.9 days.

VanEck ChiNext ETF Stock Up 1.3%

NYSEARCA CNXT opened at $48.06 on Wednesday. The stock has a market capitalization of $105.73 million, a PE ratio of 27.22 and a beta of 0.61. The company has a 50 day moving average price of $56.05 and a two-hundred day moving average price of $50.75. VanEck ChiNext ETF has a 12-month low of $30.56 and a 12-month high of $62.59.

Institutional Investors Weigh In On VanEck ChiNext ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC raised its holdings in VanEck ChiNext ETF by 1,500.0% during the first quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after buying an additional 3,000 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF during the 4th quarter valued at about $147,000. Cetera Investment Advisers bought a new position in shares of VanEck ChiNext ETF in the 1st quarter valued at approximately $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of VanEck ChiNext ETF in the 2nd quarter valued at approximately $323,000. Finally, Jane Street Group LLC acquired a new stake in VanEck ChiNext ETF in the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Company Profile

(Get Free Report)

The VanEck ChiNext ETF (CNXT) is an exchange-traded fund that is based on the ChiNext – RMB index. The fund tracks a cap-weighted index of 100 small- and medium-size companies traded on the SME Board and ChiNext Board of the Shenzhen Stock Exchange. CNXT was launched on Jul 23, 2014 and is managed by VanEck.

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