VanEck China Bond ETF (NYSEARCA:CBON) Stock Crosses Above 50-Day Moving Average – Should You Sell?

VanEck China Bond ETF (NYSEARCA:CBON) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $24.17 and traded as high as $24.23. VanEck China Bond ETF shares last traded at $24.19, with a volume of 4,607 shares trading hands.

VanEck China Bond ETF Price Performance

The company’s 50-day simple moving average is $24.17 and its 200-day simple moving average is $23.74. The stock has a market capitalization of $33.81 million, a price-to-earnings ratio of -185.77 and a beta of 0.12.

Hedge Funds Weigh In On VanEck China Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Client First Investment Management LLC lifted its stake in VanEck China Bond ETF by 148.9% during the 3rd quarter. Client First Investment Management LLC now owns 121,045 shares of the company’s stock valued at $2,923,000 after acquiring an additional 72,413 shares in the last quarter. Fisher Asset Management LLC bought a new stake in VanEck China Bond ETF during the 3rd quarter worth approximately $627,000. Finally, Rockefeller Capital Management L.P. increased its holdings in VanEck China Bond ETF by 426.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock worth $138,000 after acquiring an additional 4,889 shares during the period. 14.60% of the stock is owned by institutional investors and hedge funds.

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.