VanEck China Bond ETF (NYSEARCA:CBON) Shares Down 0.1% – Should You Sell?

VanEck China Bond ETF (NYSEARCA:CBONGet Free Report) was down 0.1% on Monday . The company traded as low as $24.18 and last traded at $24.20. 4,792 shares were traded during trading, a decline of 20% from the average daily volume of 5,979 shares. The stock had previously closed at $24.22.

VanEck China Bond ETF Stock Performance

The firm’s 50 day moving average price is $24.02 and its two-hundred day moving average price is $23.76. The firm has a market cap of $26.62 million, a PE ratio of -186.15 and a beta of 0.12.

Institutional Investors Weigh In On VanEck China Bond ETF

A hedge fund recently bought a new stake in VanEck China Bond ETF stock. Client First Investment Management LLC acquired a new stake in VanEck China Bond ETF (NYSEARCA:CBONFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,632 shares of the company’s stock, valued at approximately $1,159,000. VanEck China Bond ETF comprises 0.5% of Client First Investment Management LLC’s portfolio, making the stock its 21st biggest position. Client First Investment Management LLC owned about 4.86% of VanEck China Bond ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 14.60% of the company’s stock.

About VanEck China Bond ETF

(Get Free Report)

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.

Further Reading

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