VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 40,352 shares, a decrease of 69.4% from the January 15th total of 131,850 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 65,955 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 65,955 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck ChiNext ETF stock. LPL Financial LLC acquired a new stake in VanEck ChiNext ETF (NYSEARCA:CNXT) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,053 shares of the company’s stock, valued at approximately $528,000. LPL Financial LLC owned approximately 0.80% of VanEck ChiNext ETF at the end of the most recent quarter. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Stock Down 1.3%

VanEck ChiNext ETF stock traded down $0.59 during midday trading on Wednesday, reaching $45.47. The stock had a trading volume of 124,363 shares, compared to its average volume of 51,184. The firm has a market capitalization of $68.21 million, a PE ratio of 27.22 and a beta of 0.46. VanEck ChiNext ETF has a 12 month low of $22.38 and a 12 month high of $47.72. The firm’s 50-day moving average price is $44.89 and its 200 day moving average price is $41.48.

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.