Short Interest in VanEck Green Bond ETF (NYSEARCA:GRNB) Increases By 275.8%
by Teresa Graham · The Cerbat GemVanEck Green Bond ETF (NYSEARCA:GRNB – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 15,226 shares, an increase of 275.8% from the April 30th total of 4,052 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 29,157 shares, the short-interest ratio is presently 0.5 days.
VanEck Green Bond ETF Stock Performance
NYSEARCA:GRNB traded up $0.03 during mid-day trading on Friday, hitting $24.13. 36,077 shares of the stock were exchanged, compared to its average volume of 29,386. The stock has a market capitalization of $177.36 million, a price-to-earnings ratio of -35.49 and a beta of 0.25. The firm’s 50-day simple moving average is $24.03 and its 200 day simple moving average is $24.25. VanEck Green Bond ETF has a fifty-two week low of $23.78 and a fifty-two week high of $24.67.
Institutional Trading of VanEck Green Bond ETF
Several hedge funds have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC acquired a new stake in VanEck Green Bond ETF in the 3rd quarter worth about $33,000. Western Wealth Management LLC acquired a new stake in VanEck Green Bond ETF in the 1st quarter worth about $58,000. Flagship Harbor Advisors LLC acquired a new stake in VanEck Green Bond ETF in the 4th quarter worth about $101,000. MAI Capital Management raised its stake in VanEck Green Bond ETF by 9.1% in the 3rd quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 421 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in VanEck Green Bond ETF in the 3rd quarter worth about $137,000. 1.77% of the stock is owned by institutional investors and hedge funds.
About VanEck Green Bond ETF
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.