VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Significant Growth in Short Interest

VanEck Green Bond ETF (NYSEARCA:GRNB) saw a significant growth in short interest in 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 22,035 shares, the days-to-cover ratio is currently 2.5 days.

VanEck Green Bond ETF Trading Down 0.2%

GRNB stock opened at $23.55 on Friday. VanEck Green Bond ETF has a 1-year low of $23.48 and a 1-year high of $24.67. The business’s 50 day moving average is $23.78 and its 200-day moving average is $23.96. The firm has a market cap of $182.51 million, a P/E ratio of -34.63 and a beta of 0.24.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GRNB. Natural Investments LLC boosted its stake 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 in the last quarter. rebel Financial LLC lifted its holdings in VanEck Green Bond ETF by 4.3% during the 1st quarter. rebel Financial LLC now owns 242,879 shares of the financial services provider’s stock valued at $5,819,000 after purchasing an additional 9,950 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in VanEck Green Bond ETF during the 2nd quarter valued at about $919,000. Integrated Wealth Concepts LLC boosted its position in VanEck Green Bond ETF by 24.4% in the second quarter. Integrated Wealth Concepts LLC now owns 25,921 shares of the financial services provider’s stock valued at $626,000 after buying an additional 5,076 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new position in VanEck Green Bond ETF in the first quarter valued at about $498,000. 1.77% of the stock is currently owned by institutional investors and hedge funds.

VanEck Green Bond ETF Company Profile

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.