VanEck Green Bond ETF (NYSEARCA:GRNB) Short Interest Update
by Mitch Edgeman · The Markets DailyVanEck Green Bond ETF (NYSEARCA:GRNB – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 68,576 shares, an increase of 221.6% from the May 31st total of 21,324 shares. Based on an average trading volume of 28,905 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.9% of the shares of the company are sold short.
VanEck Green Bond ETF Stock Performance
Shares of VanEck Green Bond ETF stock traded up $0.02 during trading on Monday, hitting $24.17. 10,073 shares of the stock were exchanged, compared to its average volume of 28,711. VanEck Green Bond ETF has a 12 month low of $23.78 and a 12 month high of $24.67. The stock’s fifty day moving average is $24.07 and its 200 day moving average is $24.20. The stock has a market cap of $177.65 million, a PE ratio of -35.54 and a beta of 0.24.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in shares of VanEck Green Bond ETF during the first quarter valued at approximately $58,000. Flagship Harbor Advisors LLC acquired a new position in shares of VanEck Green Bond ETF during the fourth quarter worth approximately $101,000. MAI Capital Management grew its holdings 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 buying an additional 421 shares in the last quarter. Advisory Services Network LLC bought a new position in VanEck Green Bond ETF in the 3rd quarter worth approximately $137,000. Finally, Thrivent Financial for Lutherans bought a new position in VanEck Green Bond ETF in the 2nd quarter worth approximately $208,000. Institutional investors own 1.77% of the company’s stock.
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.