VanEck Green Bond ETF (NYSEARCA:GRNB) Short Interest Up 113.3% in July

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 42,971 shares, a growth of 113.3% from the June 30th total of 20,148 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 27,785 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC grew its holdings in shares of VanEck Green Bond ETF by 36.8% during the fourth quarter. PFG Investments LLC now owns 737,234 shares of the financial services provider’s stock worth $17,941,000 after buying an additional 198,444 shares in the last quarter. Natural Investments LLC purchased a new stake in VanEck Green Bond ETF during the 4th quarter valued at about $1,556,000. TrueWealth Financial Partners purchased a new stake in VanEck Green Bond ETF during the 4th quarter valued at about $795,000. Flagship Harbor Advisors LLC acquired a new stake in VanEck Green Bond ETF in the 4th quarter valued at about $101,000. Finally, SBE LLC DBA Cedar Cove Wealth Partners purchased a new position in VanEck Green Bond ETF in the 4th quarter worth approximately $308,000. 1.77% of the stock is owned by institutional investors and hedge funds.

VanEck Green Bond ETF Price Performance

GRNB stock traded up $0.02 during trading on Tuesday, hitting $23.82. The stock had a trading volume of 17,736 shares, compared to its average volume of 29,866. VanEck Green Bond ETF has a twelve month low of $23.72 and a twelve month high of $24.67. The stock has a market capitalization of $184.60 million, a P/E ratio of -35.03 and a beta of 0.24. The company’s 50-day moving average price is $23.99 and its two-hundred day moving average price is $24.13.

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.