VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 45,100 shares, a decline of 67.5% from the August 15th total of 138,868 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 76,582 shares, the short-interest ratio is presently 0.6 days.
VanEck ChiNext ETF Trading Down 0.7%
CNXT stock traded down $0.33 during mid-day trading on Monday, hitting $47.21. 15,551 shares of the company were exchanged, compared to its average volume of 90,221. The firm has a fifty day simple moving average of $50.44 and a 200 day simple moving average of $51.52. The company has a market capitalization of $101.51 million, a PE ratio of 27.22 and a beta of 0.65. VanEck ChiNext ETF has a twelve month low of $39.18 and a twelve month high of $62.59.
Hedge Funds Weigh In On VanEck ChiNext ETF
Several large investors have recently added to or reduced their stakes in CNXT. Jane Street Group LLC acquired a new position in VanEck ChiNext ETF in the fourth quarter worth $989,000. LPL Financial LLC acquired a new stake in shares of VanEck ChiNext ETF during the fourth quarter worth $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of VanEck ChiNext ETF in the 2nd quarter worth about $323,000. Cetera Investment Advisers bought a new position in shares of VanEck ChiNext ETF in the 1st quarter worth about $203,000. Finally, Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF in the 4th quarter valued at about $147,000. 36.93% of the stock is currently owned by 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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