VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a large decrease in short interest during the month of 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. Based on an average daily volume of 134,221 shares, the days-to-cover ratio is currently 0.9 days. Currently, 5.8% of the company’s shares are short sold.

VanEck ChiNext ETF Price Performance

CNXT opened at $49.42 on Monday. VanEck ChiNext ETF has a twelve month low of $30.56 and a twelve month high of $62.59. The company has a fifty day moving average of $56.29 and a 200-day moving average of $50.70. The stock has a market cap of $108.72 million, a PE ratio of 27.22 and a beta of 0.61.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of VanEck ChiNext ETF during the 4th quarter worth approximately $989,000. LPL Financial LLC bought a new position in shares of VanEck ChiNext ETF in the fourth quarter valued at $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of VanEck ChiNext ETF during the second quarter valued at about $323,000. Cetera Investment Advisers acquired a new position in shares of VanEck ChiNext ETF during the first quarter valued at about $203,000. Finally, Royal Bank of Canada bought a new stake in shares of VanEck ChiNext ETF during the fourth quarter worth about $147,000. 36.93% of the stock is owned by institutional investors.

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.