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

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 40,352 shares, a decline of 69.4% from the January 15th total of 131,850 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 65,955 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 65,955 shares, the short-interest ratio is currently 0.6 days. Currently, 2.7% of the company’s stock are sold short.

Institutional Trading of VanEck ChiNext ETF

A hedge fund recently bought a new stake in VanEck ChiNext ETF stock. LPL Financial LLC purchased a new position in shares of VanEck ChiNext ETF (NYSEARCA:CNXT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,053 shares of the company’s stock, valued at approximately $528,000. LPL Financial LLC owned about 0.80% of VanEck ChiNext ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Trading Down 1.3%

Shares of NYSEARCA:CNXT traded down $0.59 during mid-day trading on Wednesday, hitting $45.47. 124,363 shares of the company traded hands, compared to its average volume of 51,184. The stock has a 50-day moving average price of $44.89 and a two-hundred day moving average price of $41.48. VanEck ChiNext ETF has a 12-month low of $22.38 and a 12-month high of $47.72. The stock has a market cap of $68.21 million, a P/E ratio of 27.22 and a beta of 0.46.

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.