VanEck China Bond ETF (NYSEARCA:CBON) Sees Significant Growth in Short Interest

VanEck China Bond ETF (NYSEARCA:CBON) saw a large increase in short interest in 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. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 11,131 shares, the short-interest ratio is presently 1.0 days.

VanEck China Bond ETF Trading Up 0.3%

CBON stock traded up $0.08 during mid-day trading on Wednesday, hitting $23.91. 12,902 shares of the company were exchanged, compared to its average volume of 6,260. The company has a market capitalization of $21.52 million, a PE ratio of -183.92 and a beta of 0.11. VanEck China Bond ETF has a twelve month low of $22.11 and a twelve month high of $23.97. The firm has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $23.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBON. OLD Mission Capital LLC lifted its position 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 worth $1,170,000 after buying an additional 9,858 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position 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 worth $138,000 after buying an additional 4,889 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of VanEck China Bond ETF in the 4th quarter worth about $26,000. Finally, Susquehanna International Group LLP lifted its position in shares of VanEck China Bond ETF by 2.1% in the 3rd quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after buying an additional 815 shares during the last quarter. 14.60% of the stock is currently owned by institutional investors.

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.