VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 38,687 shares, a drop of 93.4% from the May 31st total of 583,340 shares. Based on an average daily volume of 196,506 shares, the short-interest ratio is currently 0.2 days. Currently, 2.8% of the company’s stock are sold short.
Hedge Funds Weigh In On VanEck ChiNext ETF
Institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of VanEck ChiNext ETF during the second quarter valued at approximately $237,000. LPL Financial LLC purchased a new position in VanEck ChiNext ETF in the fourth quarter worth $528,000. Royal Bank of Canada bought a new position in VanEck ChiNext ETF in the 4th quarter valued at $147,000. Cetera Investment Advisers bought a new position in VanEck ChiNext ETF in the 1st quarter valued at $203,000. Finally, Group One Trading LLC increased its position in shares of VanEck ChiNext ETF by 1,500.0% during the 1st quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after purchasing an additional 3,000 shares during the last quarter. 36.93% of the stock is owned by institutional investors.
VanEck ChiNext ETF Stock Down 2.8%
CNXT stock traded down $1.73 during trading on Friday, reaching $60.42. The stock had a trading volume of 90,822 shares, compared to its average volume of 87,237. VanEck ChiNext ETF has a one year low of $28.12 and a one year high of $62.59. The company’s 50 day moving average is $55.92 and its two-hundred day moving average is $49.16. The company has a market capitalization of $84.59 million, a price-to-earnings ratio of 27.22 and a beta of 0.63.
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.
Featured Articles
- Five stocks we like better than VanEck ChiNext ETF
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for VanEck ChiNext ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck ChiNext ETF and related companies with MarketBeat.com's FREE daily email newsletter.
