VanEck ChiNext ETF (NYSEARCA:CNXT) Shares Shorted: Short Interest Down 35.7% in September

VanEck ChiNext ETF (NYSEARCA:CNXT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 29,014 shares, a decline of 35.7% from the August 31st total of 45,100 shares. Based on an average daily volume of 90,749 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.3% of the shares of the company are sold short.

VanEck ChiNext ETF Trading Down 0.3%

Shares of CNXT opened at $45.05 on Thursday. VanEck ChiNext ETF has a 12 month low of $39.18 and a 12 month high of $62.59. The stock has a market capitalization of $96.86 million, a PE ratio of 27.22 and a beta of 0.65. The firm’s 50 day moving average is $48.84 and its 200-day moving average is $51.68.

Institutional Investors Weigh In On VanEck ChiNext ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of VanEck ChiNext ETF during the second quarter worth $323,000. Cetera Investment Advisers bought a new stake in VanEck ChiNext ETF during the 1st quarter worth $203,000. Finally, Group One Trading LLC increased its holdings in VanEck ChiNext ETF by 1,500.0% in the 1st quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock worth $145,000 after purchasing an additional 3,000 shares in the last quarter. 36.93% of the stock is 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.