VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Large Increase in Short Interest
by Tristan Rich · The Markets DailyVanEck Green Bond ETF (NYSEARCA:GRNB – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 54,308 shares, a growth of 56.3% from the August 15th total of 34,743 shares. Based on an average daily volume of 22,035 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.7% of the shares of the company are short sold.
VanEck Green Bond ETF Stock Up 0.3%
GRNB stock traded up $0.07 during trading on Thursday, hitting $23.59. 7,089 shares of the company’s stock traded hands, compared to its average volume of 29,389. VanEck Green Bond ETF has a 52 week low of $23.48 and a 52 week high of $24.67. The stock has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $23.97. The stock has a market capitalization of $188.96 million, a price-to-earnings ratio of -34.69 and a beta of 0.24.
Institutional Investors Weigh In On VanEck Green Bond ETF
Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its position in VanEck Green Bond ETF by 24.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,921 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 5,076 shares during the last quarter. Natural Investments LLC increased its holdings in shares of VanEck Green Bond ETF by 20.0% in the 2nd quarter. Natural Investments LLC now owns 355,772 shares of the financial services provider’s stock valued at $8,586,000 after purchasing an additional 59,207 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of VanEck Green Bond ETF by 4.8% during the second quarter. Rehmann Capital Advisory Group now owns 12,545 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 575 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in VanEck Green Bond ETF in the second quarter valued at approximately $919,000. Finally, Verus Capital Partners LLC boosted its stake in shares of 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 worth $273,000 after acquiring an additional 811 shares in the last quarter. 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.