VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 126,734 shares, a decrease of 62.4% from the June 30th total of 336,722 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 134,221 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On VanEck ChiNext ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC boosted its stake 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 valued at $145,000 after purchasing an additional 3,000 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF in the fourth quarter valued at approximately $147,000. Cetera Investment Advisers acquired a new position in shares of VanEck ChiNext ETF in the first quarter valued at approximately $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in VanEck ChiNext ETF in the 2nd quarter valued at approximately $323,000. Finally, Jane Street Group LLC bought a new position in VanEck ChiNext ETF in the 2nd quarter valued at approximately $237,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Stock Performance

Shares of CNXT opened at $49.42 on Monday. VanEck ChiNext ETF has a 52 week low of $30.56 and a 52 week high of $62.59. The stock has a market capitalization of $108.72 million, a price-to-earnings ratio of 27.22 and a beta of 0.61. The stock has a fifty day moving average of $56.29 and a 200-day moving average of $50.70.

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.