VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 77,713 shares, a growth of 74.5% from the February 12th total of 44,533 shares. Based on an average trading volume of 62,344 shares, the short-interest ratio is presently 1.2 days. Approximately 5.2% of the shares of the company are sold short. Approximately 5.2% of the shares of the company are sold short. Based on an average trading volume of 62,344 shares, the short-interest ratio is presently 1.2 days.
VanEck ChiNext ETF Price Performance
Shares of NYSEARCA:CNXT traded up $0.04 during midday trading on Friday, hitting $45.82. The company had a trading volume of 23,731 shares, compared to its average volume of 52,695. VanEck ChiNext ETF has a 12-month low of $22.38 and a 12-month high of $47.72. The company has a market cap of $68.73 million, a price-to-earnings ratio of 27.22 and a beta of 0.46. The company has a fifty day moving average of $45.90 and a two-hundred day moving average of $43.47.
Institutional Trading of VanEck ChiNext ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF during the fourth quarter valued at about $147,000. Jane Street Group LLC purchased a new position in shares of VanEck ChiNext ETF during the 4th quarter valued at approximately $989,000. Finally, LPL Financial LLC purchased a new position in VanEck ChiNext ETF in the fourth quarter valued at $528,000. Institutional investors own 36.93% of the company’s stock.
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.
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