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

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 45,100 shares, a decrease of 67.5% from the August 15th total of 138,868 shares. Based on an average daily volume of 76,582 shares, the short-interest ratio is presently 0.6 days. Approximately 2.1% of the company’s shares are short sold.

Institutional Trading of VanEck ChiNext ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC raised its position in shares of VanEck ChiNext ETF by 1,500.0% in the 1st 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 during the period. Royal Bank of Canada acquired a new position in VanEck ChiNext ETF in the fourth quarter valued at $147,000. Cetera Investment Advisers purchased a new stake in VanEck ChiNext ETF during the first quarter valued at about $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in VanEck ChiNext ETF during the second quarter valued at about $323,000. Finally, Jane Street Group LLC purchased a new stake in VanEck ChiNext ETF during the second quarter valued at about $237,000. 36.93% of the stock is currently owned by institutional investors and hedge funds.

VanEck ChiNext ETF Price Performance

NYSEARCA:CNXT traded up $0.36 during trading hours on Friday, reaching $47.54. 81,978 shares of the company were exchanged, compared to its average volume of 90,653. The firm has a market cap of $102.21 million, a price-to-earnings ratio of 27.22 and a beta of 0.65. VanEck ChiNext ETF has a 52-week low of $39.18 and a 52-week high of $62.59. The stock has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $51.49.

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.