Short Interest in VanEck Green Bond ETF (NYSEARCA:GRNB) Decreases By 98.0%

VanEck Green Bond ETF (NYSEARCA:GRNB) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 477 shares, a drop of 98.0% from the March 15th total of 24,090 shares. Based on an average daily volume of 32,254 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

VanEck Green Bond ETF Stock Up 0.0%

Shares of GRNB traded up $0.01 during midday trading on Friday, reaching $24.05. 43,145 shares of the stock were exchanged, compared to its average volume of 31,452. VanEck Green Bond ETF has a 12-month low of $23.50 and a 12-month high of $24.67. The firm has a 50 day simple moving average of $24.19 and a 200-day simple moving average of $24.33. The company has a market cap of $176.77 million, a price-to-earnings ratio of -35.37 and a beta of 0.26.

VanEck Green Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0784 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. VanEck Green Bond ETF’s dividend payout ratio (DPR) is -151.47%.

Institutional Investors Weigh In On VanEck Green Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GRNB. Founders Financial Alliance LLC purchased a new stake in shares of VanEck Green Bond ETF during the 3rd quarter worth about $33,000. Flagship Harbor Advisors LLC purchased a new stake in shares of VanEck Green Bond ETF during the 4th quarter worth about $101,000. MAI Capital Management raised its stake in shares of VanEck Green Bond ETF by 9.1% during the 3rd quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 421 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of VanEck Green Bond ETF during the 3rd quarter worth about $137,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of VanEck Green Bond ETF during the 2nd quarter worth about $208,000. 1.77% of the stock is owned by hedge funds and other institutional investors.

About VanEck Green Bond ETF

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.