VanEck ChiNext ETF (NYSEARCA:CNXT) Short Interest Update

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 131,850 shares, a growth of 200.0% from the December 31st total of 43,945 shares. Based on an average daily volume of 38,906 shares, the short-interest ratio is currently 3.4 days. Currently, 10.1% of the shares of the stock are short sold. Currently, 10.1% of the shares of the stock are short sold. Based on an average daily volume of 38,906 shares, the short-interest ratio is currently 3.4 days.

VanEck ChiNext ETF Price Performance

CNXT stock traded up $0.58 during midday trading on Friday, reaching $46.19. The company had a trading volume of 107,864 shares, compared to its average volume of 52,383. VanEck ChiNext ETF has a 1-year low of $22.38 and a 1-year high of $47.72. The stock has a 50 day moving average price of $44.13 and a 200-day moving average price of $40.47. The company has a market capitalization of $64.67 million, a price-to-earnings ratio of 27.22 and a beta of 0.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck ChiNext ETF stock. Jane Street Group LLC acquired a new stake in shares of VanEck ChiNext ETF (NYSEARCA:CNXT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,282 shares of the company’s stock, valued at approximately $237,000. Jane Street Group LLC owned approximately 0.87% of VanEck ChiNext ETF at the end of the most recent reporting period. 36.93% of the stock is owned by institutional investors.

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.