Short Interest in VanEck China Bond ETF (NYSEARCA:CBON) Drops By 52.2%

VanEck China Bond ETF (NYSEARCA:CBON) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 411 shares, a drop of 52.2% from the December 15th total of 859 shares. Based on an average trading volume of 3,904 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,904 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On VanEck China Bond ETF

An institutional investor recently raised its position in VanEck China Bond ETF stock. Susquehanna International Group LLP lifted its stake in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,435 shares of the company’s stock after acquiring an additional 815 shares during the period. Susquehanna International Group LLP owned 4.93% of VanEck China Bond ETF worth $883,000 as of its most recent SEC filing. 14.60% of the stock is owned by institutional investors and hedge funds.

VanEck China Bond ETF Stock Performance

CBON stock traded up $0.06 during trading on Thursday, reaching $22.93. 651 shares of the company were exchanged, compared to its average volume of 2,335. The stock’s 50 day moving average price is $22.66 and its 200 day moving average price is $22.45. VanEck China Bond ETF has a 52-week low of $21.34 and a 52-week high of $22.96. The company has a market cap of $18.34 million, a P/E ratio of -176.38 and a beta of 0.12.

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.