VanEck China Bond ETF (NYSEARCA:CBON) Trading Up 0.1% – Here’s What Happened

VanEck China Bond ETF (NYSEARCA:CBON)’s stock price shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $22.67 and last traded at $22.59. 1,541 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 2,186 shares. The stock had previously closed at $22.56.

VanEck China Bond ETF Price Performance

The stock has a market capitalization of $18.07 million, a price-to-earnings ratio of -173.77 and a beta of 0.12. The firm’s fifty day moving average is $22.43 and its 200-day moving average is $22.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VanEck China Bond ETF stock. Susquehanna International Group LLP increased its holdings in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,435 shares of the company’s stock after acquiring an additional 815 shares during the quarter. Susquehanna International Group LLP owned approximately 4.93% of VanEck China Bond ETF worth $883,000 at the end of the most recent quarter. 14.60% of the stock is owned by institutional investors and hedge funds.

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.