VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Down 62.4% in July

VanEck ChiNext ETF (NYSEARCA:CNXT) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 126,734 shares, a drop of 62.4% from the June 30th total of 336,722 shares. Based on an average trading volume of 134,221 shares, the short-interest ratio is presently 0.9 days. Currently, 5.8% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck ChiNext ETF

Several institutional investors have recently made changes to their positions in CNXT. Jane Street Group LLC acquired a new position in VanEck ChiNext ETF in the fourth quarter worth approximately $989,000. LPL Financial LLC acquired a new stake in VanEck ChiNext ETF in the fourth quarter valued at approximately $528,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in VanEck ChiNext ETF in the second quarter worth approximately $323,000. Cetera Investment Advisers bought a new stake in VanEck ChiNext ETF in the first quarter worth approximately $203,000. Finally, Royal Bank of Canada acquired a new position in shares of VanEck ChiNext ETF during the 4th quarter worth $147,000. 36.93% of the stock is currently owned by institutional investors and hedge funds.

VanEck ChiNext ETF Trading Down 6.9%

NYSEARCA CNXT traded down $3.51 on Tuesday, reaching $47.46. The stock had a trading volume of 66,297 shares, compared to its average volume of 89,508. The business has a 50 day moving average price of $56.05 and a 200 day moving average price of $50.75. VanEck ChiNext ETF has a 1 year low of $30.56 and a 1 year high of $62.59. The company has a market capitalization of $104.41 million, a price-to-earnings ratio of 27.22 and a beta of 0.61.

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.