Short Interest in VanEck Green Bond ETF (NYSEARCA:GRNB) Grows By 113.3%

by · The Cerbat Gem

VanEck Green Bond ETF (NYSEARCA:GRNB – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 42,971 shares, a growth of 113.3% from the June 30th total of 20,148 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 27,785 shares, the days-to-cover ratio is currently 1.5 days.

VanEck Green Bond ETF Stock Down 0.2%

Shares of NYSEARCA:GRNB traded down $0.05 on Wednesday, reaching $23.77. The company had a trading volume of 22,747 shares, compared to its average volume of 29,816. The stock has a 50-day moving average price of $23.99 and a 200 day moving average price of $24.12. VanEck Green Bond ETF has a twelve month low of $23.72 and a twelve month high of $24.67. The stock has a market capitalization of $184.22 million, a P/E ratio of -34.96 and a beta of 0.24.

Institutional Investors Weigh In On VanEck Green Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. bought a new stake in VanEck Green Bond ETF during the 2nd quarter valued at approximately $919,000. Verus Capital Partners LLC raised its stake in VanEck Green Bond ETF by 7.7% during the 1st quarter. Verus Capital Partners LLC now owns 11,375 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 811 shares during the last quarter. Western Wealth Management LLC bought a new stake in VanEck Green Bond ETF in the 1st quarter valued at $58,000. Cetera Investment Advisers boosted its holdings in VanEck Green Bond ETF by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 16,104 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 1,853 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in VanEck Green Bond ETF in the 1st quarter worth $498,000. 1.77% of the stock is currently owned by institutional investors.

About VanEck Green Bond ETF

(Get Free Report)

Green Bankshares, Inc (Green Bankshares) is a bank holding company. Prior to September 7, 2011, Green Bankshares conducted its business primarily through its wholly owned subsidiary, GreenBank (the Bank). On September 7, 2011, the Bank merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF). CBF owns approximately 90% interest of the Company. As of December 31, 2011, the Company’s net investment of $315.3 million in Capital Bank, NA.

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