VanEck ChiNext ETF (NYSEARCA:CNXT) Sees Significant Drop in Short Interest

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 43,945 shares, a decline of 55.1% from the December 15th total of 97,804 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 34,146 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 34,146 shares, the short-interest ratio is presently 1.3 days. Currently, 3.8% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck ChiNext ETF

An institutional investor recently bought a new position in VanEck ChiNext ETF stock. Jane Street Group LLC purchased a new position in shares of VanEck ChiNext ETF (NYSEARCA:CNXT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,282 shares of the company’s stock, valued at approximately $237,000. Jane Street Group LLC owned 0.87% of VanEck ChiNext ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 36.93% of the company’s stock.

VanEck ChiNext ETF Trading Down 0.8%

Shares of CNXT stock traded down $0.36 during trading on Friday, reaching $46.57. 99,449 shares of the company’s stock traded hands, compared to its average volume of 44,327. The company has a market capitalization of $53.55 million, a P/E ratio of 27.22 and a beta of 0.46. The firm’s 50-day moving average is $43.29 and its 200 day moving average is $39.27. VanEck ChiNext ETF has a 1 year low of $22.38 and a 1 year high of $47.72.

About VanEck ChiNext ETF

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.