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

VanEck ChiNext ETF (NYSEARCA:CNXTGet Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 322,915 shares, an increase of 306.8% from the April 15th total of 79,375 shares. Based on an average trading volume of 84,708 shares, the short-interest ratio is currently 3.8 days. Currently, 23.1% of the company’s stock are sold short.

VanEck ChiNext ETF Stock Performance

CNXT stock traded up $2.04 during trading on Wednesday, reaching $58.00. The company had a trading volume of 113,157 shares, compared to its average volume of 61,808. The firm has a 50-day simple moving average of $48.59 and a 200-day simple moving average of $45.79. The company has a market cap of $81.20 million, a price-to-earnings ratio of 27.22 and a beta of 0.60. VanEck ChiNext ETF has a twelve month low of $26.06 and a twelve month high of $58.13.

Hedge Funds Weigh In On VanEck ChiNext ETF

Several institutional investors have recently made changes to their positions in CNXT. Royal Bank of Canada purchased a new stake in VanEck ChiNext ETF during the fourth quarter worth about $147,000. Jane Street Group LLC purchased a new stake in VanEck ChiNext ETF during the second quarter worth about $237,000. Finally, LPL Financial LLC purchased a new stake in VanEck ChiNext ETF during the fourth quarter worth about $528,000. 36.93% of the stock is owned by hedge funds and other institutional investors.

About VanEck ChiNext ETF

(Get Free Report)

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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