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

VanEck ChiNext ETF (NYSEARCA:CNXT) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 131,850 shares, an increase of 200.0% from the December 31st total of 43,945 shares. Based on an average trading volume of 38,906 shares, the short-interest ratio is presently 3.4 days. Approximately 10.1% of the shares of the stock are short sold. Approximately 10.1% of the shares of the stock are short sold. Based on an average trading volume of 38,906 shares, the short-interest ratio is presently 3.4 days.

VanEck ChiNext ETF Trading Up 1.3%

Shares of NYSEARCA CNXT opened at $46.19 on Friday. The business has a 50-day moving average of $44.26 and a 200-day moving average of $40.59. The firm has a market capitalization of $64.67 million, a price-to-earnings ratio of 27.22 and a beta of 0.46. VanEck ChiNext ETF has a 12 month low of $22.38 and a 12 month high of $47.72.

Hedge Funds Weigh In On VanEck ChiNext ETF

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) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC. 36.93% of the stock is currently owned by institutional investors and hedge funds.

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.