VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 155,938 shares, an increase of 437.5% from the September 15th total of 29,014 shares. Based on an average daily volume of 97,749 shares, the short-interest ratio is presently 1.6 days. Approximately 7.4% of the company’s stock are short sold.
VanEck ChiNext ETF Price Performance
CNXT traded up $0.70 during trading hours on Friday, reaching $43.76. 32,468 shares of the stock traded hands, compared to its average volume of 89,136. The firm’s fifty day simple moving average is $48.23 and its two-hundred day simple moving average is $51.56. The company has a market cap of $91.90 million, a price-to-earnings ratio of 27.22 and a beta of 0.68. VanEck ChiNext ETF has a fifty-two week low of $39.18 and a fifty-two week high of $62.59.
Institutional Trading of VanEck ChiNext ETF
Several large investors have recently modified their holdings of the business. Group One Trading LLC lifted its stake in shares of VanEck ChiNext ETF by 1,500.0% in 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 in the last quarter. Cetera Investment Advisers acquired a new stake in VanEck ChiNext ETF during the 1st quarter valued at approximately $203,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck ChiNext ETF during the 2nd quarter valued at approximately $323,000. 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.
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