VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 138,868 shares, a growth of 125.8% from the July 30th total of 61,494 shares. Based on an average daily trading volume, of 120,723 shares, the days-to-cover ratio is presently 1.2 days. Currently, 6.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Group One Trading LLC lifted 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 acquiring an additional 3,000 shares during the period. Royal Bank of Canada bought a new position in VanEck ChiNext ETF in the fourth quarter worth approximately $147,000. Cetera Investment Advisers acquired a new stake in VanEck ChiNext ETF in the first quarter valued at approximately $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck ChiNext ETF in the second quarter valued at approximately $323,000. Finally, Jane Street Group LLC acquired a new stake in VanEck ChiNext ETF in the second quarter valued at approximately $237,000. 36.93% of the stock is owned by institutional investors.

VanEck ChiNext ETF Stock Down 1.8%

Shares of CNXT stock traded down $0.90 during trading hours on Friday, hitting $48.79. 49,258 shares of the company’s stock traded hands, compared to its average volume of 90,457. The stock has a market cap of $104.90 million, a PE ratio of 27.22 and a beta of 0.64. VanEck ChiNext ETF has a 12 month low of $37.20 and a 12 month high of $62.59. The stock’s 50 day simple moving average is $52.89 and its 200 day simple moving average is $51.35.

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.