VanEck China Bond ETF (NYSEARCA:CBON) Stock Price Down 0.1% – Should You Sell?

VanEck China Bond ETF (NYSEARCA:CBON)’s stock price dropped 0.1% on Monday. The company traded as low as $24.22 and last traded at $24.28. Approximately 13,426 shares changed hands during trading, an increase of 88% from the average daily volume of 7,150 shares. The stock had previously closed at $24.30.

VanEck China Bond ETF Stock Down 0.4%

The company has a market cap of $33.78 million, a PE ratio of -185.62 and a beta of 0.12. The company’s fifty day moving average is $24.17 and its 200-day moving average is $23.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck China Bond ETF stock. Client First Investment Management LLC lifted its position in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 148.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,045 shares of the company’s stock after acquiring an additional 72,413 shares during the quarter. VanEck China Bond ETF accounts for approximately 1.4% of Client First Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. Client First Investment Management LLC owned approximately 10.09% of VanEck China Bond ETF worth $2,923,000 at the end of the most recent quarter. 14.60% of the stock is currently owned by hedge funds and other institutional investors.

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.