VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Down 55.1% in December

VanEck ChiNext ETF (NYSEARCA:CNXT) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 43,945 shares, a drop of 55.1% from the December 15th total of 97,804 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 34,146 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 34,146 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.8% of the shares of the stock are sold short.

VanEck ChiNext ETF Stock Up 1.7%

Shares of NYSEARCA CNXT traded up $0.77 during mid-day trading on Thursday, reaching $46.92. 20,690 shares of the company were exchanged, compared to its average volume of 38,819. VanEck ChiNext ETF has a 52 week low of $22.38 and a 52 week high of $47.72. The company’s 50 day moving average price is $43.29 and its 200 day moving average price is $39.27. The stock has a market capitalization of $53.96 million, a PE ratio of 27.22 and a beta of 0.46.

Institutional Trading of VanEck ChiNext ETF

A hedge fund recently bought a new stake in VanEck ChiNext ETF stock. Jane Street Group LLC bought a new position in VanEck ChiNext ETF (NYSEARCA:CNXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,282 shares of the company’s stock, valued at approximately $237,000. Jane Street Group LLC owned approximately 0.87% of VanEck ChiNext ETF at the end of the most recent reporting period. 36.93% of the stock is owned by hedge funds and other institutional investors.

About VanEck ChiNext ETF

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.