VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

by · The Cerbat Gem

VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the target of a significant increase in short interest in 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 company’s stock are short sold. Based on an average trading volume of 120,723 shares, the short-interest ratio is currently 1.2 days.

VanEck ChiNext ETF Stock Performance

Shares of NYSEARCA CNXT traded down $0.90 during midday trading on Friday, hitting $48.79. 49,258 shares of the stock traded hands, compared to its average volume of 90,457. VanEck ChiNext ETF has a one year low of $37.20 and a one year high of $62.59. The business has a 50 day moving average price of $52.89 and a two-hundred day moving average price of $51.35. The company has a market cap of $104.90 million, a PE ratio of 27.22 and a beta of 0.64.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of VanEck ChiNext ETF in the fourth quarter worth approximately $989,000. LPL Financial LLC bought a new stake in VanEck ChiNext ETF during the fourth quarter worth $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in VanEck ChiNext ETF in the 2nd quarter valued at $323,000. Cetera Investment Advisers purchased a new stake in VanEck ChiNext ETF in the 1st quarter valued at $203,000. Finally, Royal Bank of Canada bought a new position in VanEck ChiNext ETF during the 4th quarter valued at $147,000. 36.93% of the stock is owned by institutional investors.

About VanEck ChiNext ETF

(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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