VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Significant Growth in Short Interest

VanEck Green Bond ETF (NYSEARCA:GRNB) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 52,800 shares, an increase of 422.8% from the September 30th total of 10,100 shares. Based on an average trading volume of 24,000 shares, the short-interest ratio is currently 2.2 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 24,000 shares, the short-interest ratio is currently 2.2 days.

VanEck Green Bond ETF Price Performance

Shares of VanEck Green Bond ETF stock opened at $24.51 on Thursday. VanEck Green Bond ETF has a 1 year low of $23.48 and a 1 year high of $24.67. The firm’s 50-day moving average is $24.45 and its two-hundred day moving average is $24.17. The stock has a market cap of $154.41 million, a price-to-earnings ratio of -36.04 and a beta of 0.24.

Hedge Funds Weigh In On VanEck Green Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. SK Wealth Management LLC purchased a new position in shares of VanEck Green Bond ETF in the 2nd quarter valued at approximately $204,000. Thrivent Financial for Lutherans purchased a new position in VanEck Green Bond ETF during the 2nd quarter worth approximately $208,000. Perigon Wealth Management LLC purchased a new position in VanEck Green Bond ETF during the 3rd quarter worth approximately $210,000. First Pacific Financial increased its holdings in shares of VanEck Green Bond ETF by 21.2% during the 3rd quarter. First Pacific Financial now owns 8,894 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Genus Capital Management Inc. grew its stake in VanEck Green Bond ETF by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 9,235 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 18,470 shares during the period. 1.77% of the stock is owned by hedge funds and other institutional investors.

VanEck Green Bond ETF Company Profile

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.