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

by · The Markets Daily

VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 29,014 shares, a drop 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 presently 0.3 days. Currently, 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck ChiNext ETF

Several hedge funds have recently added to or reduced their stakes in CNXT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in VanEck ChiNext ETF in the second quarter worth $323,000. Group One Trading LLC lifted its holdings in VanEck ChiNext ETF by 1,500.0% during the first quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock worth $145,000 after buying an additional 3,000 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of VanEck ChiNext ETF during the 1st quarter worth $203,000. 36.93% of the stock is currently owned by institutional investors.

VanEck ChiNext ETF Price Performance

Shares of VanEck ChiNext ETF stock traded down $0.14 during trading hours on Friday, reaching $44.57. The company’s stock had a trading volume of 10,551 shares, compared to its average volume of 90,245. The firm has a 50 day moving average price of $48.73 and a 200-day moving average price of $51.67. VanEck ChiNext ETF has a one year low of $39.18 and a one year high of $62.59. The stock has a market cap of $95.83 million, a P/E ratio of 27.22 and a beta of 0.68.

About VanEck ChiNext ETF

(Get Free Report)

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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