VanEck China Bond ETF (NYSEARCA:CBON) Short Interest Down 17.9% in February

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,643 shares, a decline of 17.9% from the February 12th total of 2,000 shares. Based on an average daily volume of 4,476 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,476 shares, the days-to-cover ratio is presently 0.4 days.

VanEck China Bond ETF Trading Up 0.0%

Shares of NYSEARCA:CBON traded up $0.01 during mid-day trading on Monday, reaching $23.18. The stock had a trading volume of 1,779 shares, compared to its average volume of 4,192. The business’s 50 day moving average price is $23.07 and its 200 day moving average price is $22.70. VanEck China Bond ETF has a 1 year low of $21.34 and a 1 year high of $23.42. The company has a market cap of $18.54 million, a P/E ratio of -178.31 and a beta of 0.12.

VanEck China Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0277 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 1.4%. VanEck China Bond ETF’s payout ratio is presently -284.62%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OLD Mission Capital LLC grew its holdings in shares of VanEck China Bond ETF by 23.8% in the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after purchasing an additional 9,858 shares in the last quarter. Kestra Advisory Services LLC bought a new position in VanEck China Bond ETF during the fourth quarter valued at $26,000. Finally, Susquehanna International Group LLP grew its stake in shares of VanEck China Bond ETF by 2.1% in the 3rd quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after buying an additional 815 shares in the last quarter. 14.60% of the stock is currently owned by institutional investors.

VanEck China Bond ETF Company Profile

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.