Short Interest in VanEck ChiNext ETF (NYSEARCA:CNXT) Expands By 125.8%

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 138,868 shares, an increase of 125.8% from the July 30th total of 61,494 shares. Currently, 6.5% of the company’s stock are short sold. Based on an average trading volume of 120,723 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of VanEck ChiNext ETF

A number of institutional investors have recently made changes to their positions in CNXT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck ChiNext ETF in the second quarter worth about $323,000. Group One Trading LLC grew its position in VanEck ChiNext ETF by 1,500.0% during 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 during the last quarter. Cetera Investment Advisers purchased a new stake in VanEck ChiNext ETF during the 1st quarter worth approximately $203,000. Royal Bank of Canada acquired a new position in VanEck ChiNext ETF during the 4th quarter valued at approximately $147,000. Finally, Jane Street Group LLC purchased a new position in shares of VanEck ChiNext ETF in the fourth quarter worth $989,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Stock Performance

CNXT traded down $0.90 on Friday, hitting $48.79. The company had a trading volume of 49,258 shares, compared to its average volume of 90,457. The stock has a market capitalization of $104.90 million, a price-to-earnings ratio of 27.22 and a beta of 0.64. The stock has a fifty day moving average price of $53.12 and a 200-day moving average price of $51.37. VanEck ChiNext ETF has a 12-month low of $37.20 and a 12-month high of $62.59.

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.