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

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 77,713 shares, an increase of 74.5% from the February 12th total of 44,533 shares. Based on an average daily volume of 62,344 shares, the short-interest ratio is currently 1.2 days. Approximately 5.2% of the shares of the company are short sold. Approximately 5.2% of the shares of the company are short sold. Based on an average daily volume of 62,344 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new position in shares of VanEck ChiNext ETF in the fourth quarter worth $147,000. Jane Street Group LLC bought a new stake in shares of VanEck ChiNext ETF during the second quarter valued at about $237,000. Finally, LPL Financial LLC acquired a new stake in VanEck ChiNext ETF in the fourth quarter worth about $528,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Stock Performance

Shares of CNXT traded up $0.26 during mid-day trading on Friday, reaching $46.04. 20,714 shares of the company’s stock traded hands, compared to its average volume of 52,636. The business’s 50-day moving average price is $45.88 and its 200-day moving average price is $43.36. The stock has a market capitalization of $69.06 million, a P/E 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.

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.