VanEck China Bond ETF (NYSEARCA:CBON) Sees Significant Decrease in Short Interest
by Teresa Graham · The Cerbat GemVanEck China Bond ETF (NYSEARCA:CBON – Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,350 shares, a decline of 55.3% from the March 31st total of 7,496 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 11,642 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of VanEck China Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of CBON. OLD Mission Capital LLC increased its position in shares of VanEck China Bond ETF by 23.8% during the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after purchasing an additional 9,858 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of VanEck China Bond ETF by 426.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock valued at $138,000 after purchasing an additional 4,889 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of VanEck China Bond ETF during the fourth quarter valued at approximately $26,000. Finally, Susquehanna International Group LLP increased its position in shares of VanEck China Bond ETF by 2.1% during the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock valued at $883,000 after purchasing an additional 815 shares during the period. 14.60% of the stock is currently owned by institutional investors.
VanEck China Bond ETF Stock Down 0.0%
NYSEARCA CBON traded down $0.01 during trading on Friday, hitting $23.55. The company’s stock had a trading volume of 2,218 shares, compared to its average volume of 5,103. The firm has a 50 day moving average price of $23.33 and a 200 day moving average price of $22.90. The firm has a market cap of $21.20 million, a P/E ratio of -181.15 and a beta of 0.12. VanEck China Bond ETF has a 52 week low of $21.93 and a 52 week high of $23.68.
About VanEck China Bond ETF
The VanEck China Bond ETF (CBON) is an exchange-traded fund that is based on the ChinaBond China High Quality Bond index. The fund tracks an investment-grade, broad-maturity government\u002Fcredit onshore RMB-denominated China bond index. CBON was launched on Nov 10, 2014 and is managed by VanEck.