VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 336,722 shares, an increase of 770.4% from the June 15th total of 38,687 shares. Based on an average daily volume of 89,003 shares, the days-to-cover ratio is currently 3.8 days. Currently, 14.6% of the company’s stock are short sold.
VanEck ChiNext ETF Price Performance
Shares of NYSEARCA:CNXT traded down $2.34 during trading on Friday, hitting $55.15. 115,844 shares of the company were exchanged, compared to its average volume of 90,146. The firm’s 50 day moving average price is $57.05 and its 200-day moving average price is $50.16. VanEck ChiNext ETF has a 12-month low of $29.24 and a 12-month high of $62.59. The stock has a market capitalization of $121.33 million, a P/E ratio of 27.22 and a beta of 0.61.
Institutional Investors Weigh In On VanEck ChiNext ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC boosted its stake in VanEck ChiNext ETF by 1,500.0% in the first quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after acquiring an additional 3,000 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of VanEck ChiNext ETF during the fourth quarter worth about $147,000. Cetera Investment Advisers acquired a new stake in shares of VanEck ChiNext ETF during the first quarter worth about $203,000. Jane Street Group LLC purchased a new stake in shares of VanEck ChiNext ETF in the 2nd quarter valued at about $237,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of VanEck ChiNext ETF in the 2nd quarter valued at about $323,000. 36.93% of the stock is owned by hedge funds and other institutional investors.
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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