VanEck China Bond ETF (NYSEARCA:CBON – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 5,108 shares, a drop of 89.9% from the September 15th total of 50,352 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 3,637 shares, the short-interest ratio is currently 1.4 days.
VanEck China Bond ETF Stock Down 0.2%
CBON stock traded down $0.04 during mid-day trading on Friday, hitting $24.13. The company had a trading volume of 3,444 shares, compared to its average volume of 5,774. The company has a 50-day moving average price of $24.10 and a 200 day moving average price of $23.85. VanEck China Bond ETF has a 12-month low of $22.30 and a 12-month high of $24.25. The company has a market capitalization of $28.96 million, a price-to-earnings ratio of -185.62 and a beta of 0.12.
Institutional Trading of VanEck China Bond ETF
A hedge fund recently raised its stake in VanEck China Bond ETF stock. Client First Investment Management LLC raised its position in shares of VanEck China Bond ETF (NYSEARCA:CBON – Free Report) by 148.9% during the 3rd quarter, according to 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 acquiring an additional 72,413 shares during the period. VanEck China Bond ETF makes up approximately 1.4% of Client First Investment Management LLC’s holdings, 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 owned by 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.
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