VanEck China Bond ETF (NYSEARCA:CBON – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,108 shares, a decrease of 89.9% from the September 15th total of 50,352 shares. Based on an average daily trading volume, of 3,637 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in VanEck China Bond ETF stock. Client First Investment Management LLC raised its stake in shares of VanEck China Bond ETF (NYSEARCA:CBON – Free Report) by 148.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,045 shares of the company’s stock after buying an additional 72,413 shares during the quarter. VanEck China Bond ETF comprises approximately 1.4% of Client First Investment Management LLC’s holdings, making the stock its 13th largest position. Client First Investment Management LLC owned about 10.09% of VanEck China Bond ETF worth $2,923,000 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 Down 0.2%
NYSEARCA:CBON traded down $0.04 on Friday, reaching $24.13. 3,444 shares of the company’s stock traded hands, compared to its average volume of 5,774. The firm has a market cap of $28.96 million, a PE ratio of -185.62 and a beta of 0.12. The stock has a 50-day simple moving average of $24.10 and a 200-day simple moving average of $23.85. VanEck China Bond ETF has a 12 month low of $22.30 and a 12 month high of $24.25.
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.
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