Short Interest in VanEck ChiNext ETF (NYSEARCA:CNXT) Increases By 306.8%

VanEck ChiNext ETF (NYSEARCA:CNXT) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 322,915 shares, an increase of 306.8% from the April 15th total of 79,375 shares. Based on an average daily volume of 84,708 shares, the short-interest ratio is currently 3.8 days. Approximately 23.1% of the shares of the stock are sold short.

VanEck ChiNext ETF Price Performance

CNXT traded down $1.13 during trading on Friday, hitting $55.67. 166,897 shares of the stock traded hands, compared to its average volume of 67,727. VanEck ChiNext ETF has a twelve month low of $26.06 and a twelve month high of $58.13. The company has a market cap of $77.94 million, a price-to-earnings ratio of 27.22 and a beta of 0.60. The business has a 50 day moving average price of $49.07 and a 200 day moving average price of $45.96.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Group One Trading LLC increased its holdings in shares of VanEck ChiNext ETF by 1,500.0% during the first 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 in the last quarter. Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF during the fourth quarter worth $147,000. Cetera Investment Advisers bought a new stake in shares of VanEck ChiNext ETF in the first quarter worth $203,000. Jane Street Group LLC bought a new stake in shares of VanEck ChiNext ETF in the second quarter worth $237,000. Finally, LPL Financial LLC bought a new stake in shares of VanEck ChiNext ETF in the fourth quarter worth $528,000. 36.93% of the stock is currently owned by institutional investors and hedge funds.

VanEck ChiNext ETF Company Profile

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.