Loncar China BioPharma ETF (NASDAQ:CHNA) Sees Large Drop in Short Interest

Loncar China BioPharma ETF (NASDAQ:CHNA) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,400 shares, a drop of 22.2% from the August 15th total of 1,800 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 0.3 days.

CHNA traded up $0.30 during trading hours on Wednesday, hitting $38.13. The stock had a trading volume of 690 shares, compared to its average volume of 4,889. The company’s fifty day simple moving average is $40.42 and its 200 day simple moving average is $41.02. Loncar China BioPharma ETF has a 1 year low of $28.99 and a 1 year high of $49.01.

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