VanEck Green Bond ETF (NYSEARCA:GRNB) Short Interest Update

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 68,576 shares, an increase of 221.6% from the May 31st total of 21,324 shares. Based on an average daily volume of 28,905 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.9% of the shares of the stock are short sold.

VanEck Green Bond ETF Stock Performance

Shares of GRNB stock remained flat at $24.15 on Friday. 20,746 shares of the stock were exchanged, compared to its average volume of 28,866. VanEck Green Bond ETF has a twelve month low of $23.78 and a twelve month high of $24.67. The firm has a 50-day moving average of $24.07 and a 200-day moving average of $24.20. The company has a market cap of $177.50 million, a P/E ratio of -35.51 and a beta of 0.24.

Institutional Investors Weigh In On VanEck Green Bond ETF

Several large investors have recently bought and sold shares of GRNB. PFG Investments LLC raised its holdings in shares of VanEck Green Bond ETF by 36.8% during the fourth quarter. PFG Investments LLC now owns 737,234 shares of the financial services provider’s stock valued at $17,941,000 after acquiring an additional 198,444 shares during the last quarter. LPL Financial LLC boosted its stake in shares of VanEck Green Bond ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 854,869 shares of the financial services provider’s stock worth $20,803,000 after acquiring an additional 96,614 shares during the last quarter. Natural Investments LLC purchased a new stake in shares of VanEck Green Bond ETF during the fourth quarter worth approximately $1,556,000. Rossby Financial LCC raised its stake in VanEck Green Bond ETF by 11.8% in the 4th quarter. Rossby Financial LCC now owns 313,807 shares of the financial services provider’s stock valued at $7,636,000 after purchasing an additional 33,097 shares during the last quarter. Finally, TrueWealth Financial Partners acquired a new position in VanEck Green Bond ETF in the 4th quarter valued at $795,000. 1.77% of the stock is currently 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.