VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 97,804 shares, a growth of 31.3% from the November 30th total of 74,480 shares. Approximately 8.9% of the company’s stock are short sold. Based on an average trading volume of 22,141 shares, the short-interest ratio is currently 4.4 days. Based on an average trading volume of 22,141 shares, the short-interest ratio is currently 4.4 days. Approximately 8.9% of the company’s stock are short sold.
VanEck ChiNext ETF Price Performance
NYSEARCA:CNXT traded up $0.43 during midday trading on Tuesday, reaching $44.47. 18,476 shares of the company traded hands, compared to its average volume of 23,737. VanEck ChiNext ETF has a twelve month low of $22.38 and a twelve month high of $45.25. The firm has a market capitalization of $48.92 million, a price-to-earnings ratio of 27.22 and a beta of 0.46. The company has a fifty day moving average price of $42.68 and a 200 day moving average price of $37.90.
Institutional Investors Weigh In On VanEck ChiNext ETF
A hedge fund recently bought a new stake in VanEck ChiNext ETF stock. Jane Street Group LLC purchased a new stake in VanEck ChiNext ETF (NYSEARCA:CNXT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,282 shares of the company’s stock, valued at approximately $237,000. Jane Street Group LLC owned 0.87% of VanEck ChiNext ETF as of its most recent SEC filing. 36.93% of the stock is 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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