VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 336,722 shares, an increase of 770.4% from the June 15th total of 38,687 shares. Currently, 14.6% of the shares of the company are sold short. Based on an average daily volume of 89,003 shares, the short-interest ratio is presently 3.8 days.
Institutional Trading of VanEck ChiNext ETF
A number of institutional investors have recently modified their holdings of CNXT. Jane Street Group LLC acquired a new stake in VanEck ChiNext ETF in the fourth quarter valued at $989,000. LPL Financial LLC acquired a new stake in shares of VanEck ChiNext ETF during the 4th quarter valued at approximately $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of VanEck ChiNext ETF during the 2nd quarter worth approximately $323,000. Cetera Investment Advisers purchased a new stake in shares of VanEck ChiNext ETF during the 1st quarter worth approximately $203,000. Finally, Royal Bank of Canada acquired a new stake in shares of VanEck ChiNext ETF in the 4th quarter worth approximately $147,000. 36.93% of the stock is currently owned by hedge funds and other institutional investors.
VanEck ChiNext ETF Stock Performance
Shares of CNXT opened at $55.15 on Monday. The stock’s 50 day moving average is $57.05 and its two-hundred day moving average is $50.21. VanEck ChiNext ETF has a twelve month low of $29.24 and a twelve month high of $62.59. The firm has a market capitalization of $121.33 million, a PE ratio of 27.22 and a beta of 0.61.
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 Stories
- Five stocks we like better than VanEck ChiNext ETF
- 3 Non-Tech Stocks Still Winning Big on AI
- Achieve Robust Diversification With These 3 Equal-Weight ETFs
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
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.
