VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 138,868 shares, an increase of 125.8% from the July 30th total of 61,494 shares. Approximately 6.5% of the shares of the company are sold short. Based on an average daily volume of 120,723 shares, the days-to-cover ratio is presently 1.2 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of VanEck ChiNext ETF in the fourth quarter valued at $989,000. LPL Financial LLC bought a new stake in VanEck ChiNext ETF during the 4th quarter valued at $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of VanEck ChiNext ETF in the 2nd quarter worth $323,000. Cetera Investment Advisers bought a new position in shares of VanEck ChiNext ETF during the 1st quarter worth $203,000. Finally, Royal Bank of Canada bought a new stake in shares of VanEck ChiNext ETF in the fourth quarter valued at about $147,000. Hedge funds and other institutional investors own 36.93% of the company’s stock.
VanEck ChiNext ETF Trading Down 1.8%
NYSEARCA CNXT traded down $0.90 on Friday, reaching $48.79. 49,258 shares of the stock were exchanged, compared to its average volume of 90,457. The firm has a market capitalization of $104.90 million, a PE ratio of 27.22 and a beta of 0.64. The company’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $51.37. VanEck ChiNext ETF has a one year low of $37.20 and a one year high of $62.59.
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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