Short Interest in VanEck China Bond ETF (NYSEARCA:CBON) Rises By 3,818.9%

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,208 shares, an increase of 3,818.9% from the April 30th total of 286 shares. Based on an average daily volume of 11,131 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.2% of the shares of the stock are sold short.

VanEck China Bond ETF Price Performance

Shares of NYSEARCA:CBON traded up $0.02 during midday trading on Friday, hitting $23.95. The company had a trading volume of 4,774 shares, compared to its average volume of 6,198. VanEck China Bond ETF has a twelve month low of $22.11 and a twelve month high of $23.97. The stock has a market cap of $21.56 million, a price-to-earnings ratio of -184.23 and a beta of 0.11. The business’s 50-day simple moving average is $23.56 and its 200-day simple moving average is $23.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBON. Susquehanna International Group LLP raised its holdings in VanEck China Bond ETF by 2.1% during the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after purchasing an additional 815 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of VanEck China Bond ETF in the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its holdings in shares of VanEck China Bond ETF by 426.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock valued at $138,000 after purchasing an additional 4,889 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in shares of VanEck China Bond ETF by 23.8% in the 4th 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 during the last quarter. 14.60% of the stock is currently owned by hedge funds and other institutional investors.

About VanEck China Bond ETF

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.