VanEck Green Bond ETF (NYSEARCA:GRNB) Short Interest Up 275.8% in May

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 15,226 shares, a growth of 275.8% from the April 30th total of 4,052 shares. Based on an average daily volume of 29,157 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

VanEck Green Bond ETF Price Performance

NYSEARCA:GRNB traded up $0.03 during midday trading on Friday, reaching $24.13. 36,077 shares of the company traded hands, compared to its average volume of 29,386. VanEck Green Bond ETF has a twelve month low of $23.78 and a twelve month high of $24.67. The firm has a market capitalization of $177.36 million, a price-to-earnings ratio of -35.49 and a beta of 0.25. The company has a fifty day moving average price of $24.03 and a 200 day moving average price of $24.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRNB. PFG Investments LLC boosted its position in VanEck Green Bond ETF by 36.8% during the 4th quarter. PFG Investments LLC now owns 737,234 shares of the financial services provider’s stock valued at $17,941,000 after purchasing an additional 198,444 shares during the period. LPL Financial LLC boosted its position in VanEck Green Bond ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 854,869 shares of the financial services provider’s stock valued at $20,803,000 after purchasing an additional 96,614 shares during the period. Natural Investments LLC acquired a new position in VanEck Green Bond ETF during the 4th quarter valued at approximately $1,556,000. Rossby Financial LCC boosted its position in VanEck Green Bond ETF by 15.7% during the 3rd quarter. Rossby Financial LCC now owns 280,710 shares of the financial services provider’s stock valued at $6,851,000 after purchasing an additional 38,079 shares during the period. Finally, TrueWealth Financial Partners acquired a new position in VanEck Green Bond ETF during the 4th quarter worth $795,000. Institutional investors and hedge funds own 1.77% of the company’s stock.

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.