VanEck ChiNext ETF (NYSEARCA:CNXT) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 45,100 shares, a decline of 67.5% from the August 15th total of 138,868 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 76,582 shares, the short-interest ratio is currently 0.6 days.

VanEck ChiNext ETF Trading Up 0.8%

Shares of VanEck ChiNext ETF stock traded up $0.36 during trading hours on Friday, reaching $47.54. 81,978 shares of the company’s stock were exchanged, compared to its average volume of 90,653. VanEck ChiNext ETF has a 52-week low of $39.18 and a 52-week high of $62.59. The company has a fifty day moving average of $50.44 and a 200-day moving average of $51.49. The firm has a market capitalization of $102.21 million, a price-to-earnings ratio of 27.22 and a beta of 0.65.

Hedge Funds Weigh In On VanEck ChiNext ETF

Several large investors have recently added to or reduced their stakes in the business. Group One Trading LLC boosted its stake in VanEck ChiNext ETF by 1,500.0% in the 1st quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock worth $145,000 after buying an additional 3,000 shares during 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 acquired a new position in shares of VanEck ChiNext ETF during the 1st quarter valued at about $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of VanEck ChiNext ETF during the 2nd quarter worth about $323,000. Finally, Jane Street Group LLC purchased a new position in shares of VanEck ChiNext ETF during the 2nd quarter worth about $237,000. 36.93% of the stock is currently owned by hedge funds and other 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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