Short Interest in VanEck China Bond ETF (NYSEARCA:CBON) Grows By 88.5%

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,097 shares, an increase of 88.5% from the February 26th total of 1,643 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,491 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of VanEck China Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP raised its holdings in VanEck China Bond ETF by 2.1% during the 3rd quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after purchasing an additional 815 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of VanEck China Bond ETF during the fourth quarter worth $26,000. OLD Mission Capital LLC raised its stake in VanEck China Bond ETF by 23.8% during the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock worth $1,170,000 after buying an additional 9,858 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in VanEck China Bond ETF by 426.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock worth $138,000 after buying an additional 4,889 shares during the last quarter. Institutional investors and hedge funds own 14.60% of the company’s stock.

VanEck China Bond ETF Stock Up 0.0%

CBON traded up $0.01 during midday trading on Friday, hitting $23.23. 874 shares of the company were exchanged, compared to its average volume of 4,142. The firm’s 50 day moving average price is $23.15 and its 200-day moving average price is $22.75. VanEck China Bond ETF has a 1-year low of $21.34 and a 1-year high of $23.42. The firm has a market capitalization of $18.58 million, a P/E ratio of -178.69 and a beta of 0.12.

VanEck China Bond ETF Cuts Dividend

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

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.