Short Interest in VanEck ChiNext ETF (NYSEARCA:CNXT) Rises By 200.0%

VanEck ChiNext ETF (NYSEARCA:CNXT) was the target of a significant growth in short interest in 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. Currently, 10.1% of the shares of the stock are sold short. Based on an average daily volume of 38,906 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 38,906 shares, the days-to-cover ratio is currently 3.4 days. Currently, 10.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck ChiNext ETF stock. Jane Street Group LLC bought 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. The institutional investor bought 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. Hedge funds and other institutional investors own 36.93% of the company’s stock.

VanEck ChiNext ETF Price Performance

Shares of VanEck ChiNext ETF stock opened at $45.74 on Thursday. VanEck ChiNext ETF has a 1 year low of $22.38 and a 1 year high of $47.72. The firm has a market cap of $59.46 million, a PE ratio of 27.22 and a beta of 0.46. The company has a 50 day simple moving average of $44.02 and a two-hundred day simple moving average of $40.44.

VanEck ChiNext ETF Company Profile

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.