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

VanEck ChiNext ETF (NYSEARCA:CNXT) saw a large 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 company are sold short. Based on an average daily trading volume, of 38,906 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily trading volume, of 38,906 shares, the days-to-cover ratio is presently 3.4 days. Currently, 10.1% of the shares of the company are sold short.

VanEck ChiNext ETF Trading Down 1.8%

VanEck ChiNext ETF stock opened at $45.74 on Thursday. The firm has a 50 day simple moving average of $44.02 and a 200 day simple moving average of $40.44. VanEck ChiNext ETF has a 1-year low of $22.38 and a 1-year high of $47.72. The firm has a market capitalization of $59.46 million, a price-to-earnings ratio of 27.22 and a beta of 0.46.

Institutional Trading of VanEck ChiNext ETF

An institutional investor recently bought a new position in VanEck ChiNext ETF stock. Jane Street Group LLC acquired a new position in shares of VanEck ChiNext ETF (NYSEARCA:CNXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission. 36.93% of the stock is currently 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.