VanEck China Bond ETF (NYSEARCA:CBON) Sees Large Drop in Short Interest

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a large decline in short interest in 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. Based on an average daily trading volume, of 11,642 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of VanEck China Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in VanEck China Bond ETF by 426.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock valued at $138,000 after buying an additional 4,889 shares in the last quarter. OLD Mission Capital LLC increased its position in VanEck China Bond ETF by 23.8% in the 4th quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after buying an additional 9,858 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in VanEck China Bond ETF in the 4th quarter valued at about $26,000. Finally, Susquehanna International Group LLP increased its position in VanEck China Bond ETF by 2.1% in the 3rd quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock valued at $883,000 after buying an additional 815 shares in the last quarter. 14.60% of the stock is owned by institutional investors.

VanEck China Bond ETF Trading Up 0.2%

VanEck China Bond ETF stock traded up $0.04 during midday trading on Monday, reaching $23.59. The stock had a trading volume of 2,883 shares, compared to its average volume of 5,074. VanEck China Bond ETF has a 12 month low of $21.95 and a 12 month high of $23.68. The company has a market capitalization of $21.23 million, a P/E ratio of -181.46 and a beta of 0.12. The company has a fifty day moving average price of $23.34 and a two-hundred day moving average price of $22.92.

VanEck China Bond ETF Company Profile

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.