VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 61,494 shares, a decrease of 51.5% from the July 15th total of 126,734 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 78,046 shares, the short-interest ratio is currently 0.8 days.
VanEck ChiNext ETF Stock Up 0.6%
Shares of CNXT stock traded up $0.33 during mid-day trading on Friday, reaching $51.94. The stock had a trading volume of 19,129 shares, compared to its average volume of 91,335. VanEck ChiNext ETF has a one year low of $33.82 and a one year high of $62.59. The firm has a market cap of $111.67 million, a PE ratio of 27.22 and a beta of 0.64. The firm’s 50 day simple moving average is $54.22 and its 200 day simple moving average is $51.08.
Institutional Investors Weigh In On VanEck ChiNext ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in VanEck ChiNext ETF in the fourth quarter valued at about $989,000. LPL Financial LLC bought a new position in VanEck ChiNext ETF during the fourth quarter worth about $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck ChiNext ETF during the second quarter valued at approximately $323,000. Cetera Investment Advisers bought a new stake in shares of VanEck ChiNext ETF in the 1st quarter valued at approximately $203,000. Finally, Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF in the 4th quarter worth approximately $147,000. Institutional investors own 36.93% of the company’s stock.
VanEck ChiNext ETF Company Profile
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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