VanEck ChiNext ETF (NYSEARCA:CNXT – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 38,687 shares, a decline of 93.4% from the May 31st total of 583,340 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 196,506 shares, the short-interest ratio is presently 0.2 days.
VanEck ChiNext ETF Stock Performance
Shares of CNXT traded up $2.32 during midday trading on Thursday, hitting $62.15. 69,508 shares of the company traded hands, compared to its average volume of 87,208. The firm has a 50 day moving average of $55.71 and a 200-day moving average of $49.08. VanEck ChiNext ETF has a 52 week low of $28.12 and a 52 week high of $62.59. The stock has a market cap of $87.01 million, a price-to-earnings ratio of 27.22 and a beta of 0.63.
Hedge Funds Weigh In On VanEck ChiNext ETF
Several institutional investors have recently added to or reduced their stakes in CNXT. Royal Bank of Canada purchased a new position in shares of VanEck ChiNext ETF in the fourth quarter valued at $147,000. Jane Street Group LLC purchased a new stake in VanEck ChiNext ETF during the fourth quarter valued at $989,000. LPL Financial LLC purchased a new stake in VanEck ChiNext ETF during the fourth quarter valued at $528,000. Cetera Investment Advisers purchased a new stake in VanEck ChiNext ETF during the first quarter valued at $203,000. Finally, Group One Trading LLC lifted its position 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 valued at $145,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 36.93% of the company’s stock.
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.
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