VanEck ChiNext ETF (NYSEARCA:CNXT) Sees Large Decrease in Short Interest

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 29,014 shares, a decrease of 35.7% from the August 31st total of 45,100 shares. Based on an average daily trading volume, of 90,749 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Trading of VanEck ChiNext ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CNXT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in VanEck ChiNext ETF during the 2nd quarter worth about $323,000. Group One Trading LLC raised its position 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 acquiring an additional 3,000 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of VanEck ChiNext ETF in the first quarter worth approximately $203,000. 36.93% of the stock is currently owned by institutional investors and hedge funds.

VanEck ChiNext ETF Price Performance

CNXT opened at $45.05 on Thursday. VanEck ChiNext ETF has a fifty-two week low of $39.18 and a fifty-two week high of $62.59. The firm has a market capitalization of $96.86 million, a price-to-earnings ratio of 27.22 and a beta of 0.65. The company’s 50 day moving average price is $48.84 and its two-hundred day moving average price is $51.68.

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.