VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 47,079 shares, a decline of 69.8% from the September 30th total of 155,938 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 55,660 shares, the short-interest ratio is currently 0.8 days.
VanEck ChiNext ETF Stock Performance
CNXT stock traded down $1.80 during trading on Thursday, reaching $36.17. 72,710 shares of the company traded hands, compared to its average volume of 86,880. The business has a 50 day simple moving average of $45.27 and a 200 day simple moving average of $49.35. VanEck ChiNext ETF has a 12 month low of $35.93 and a 12 month high of $62.59. The company has a market capitalization of $65.11 million, a price-to-earnings ratio of 27.22 and a beta of 0.68.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CNXT. Group One Trading LLC lifted its holdings in 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. Cetera Investment Advisers acquired a new stake in shares of VanEck ChiNext ETF in the first quarter worth approximately $203,000. Vontobel Holding Ltd. purchased a new stake in shares of VanEck ChiNext ETF during the third quarter worth approximately $280,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in VanEck ChiNext ETF in the 2nd quarter valued at $323,000. 36.93% of the stock is currently owned by hedge funds and other 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.
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