VanEck Green Bond ETF (NYSEARCA:GRNB) Short Interest Down 70.6% in June

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 20,148 shares, a decrease of 70.6% from the June 15th total of 68,576 shares. Based on an average trading volume of 19,430 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

VanEck Green Bond ETF Price Performance

Shares of NYSEARCA GRNB traded down $0.04 during midday trading on Friday, hitting $23.93. 13,525 shares of the company’s stock were exchanged, compared to its average volume of 28,466. The firm’s fifty day simple moving average is $24.04 and its 200-day simple moving average is $24.17. The company has a market cap of $183.06 million, a PE ratio of -35.19 and a beta of 0.24. VanEck Green Bond ETF has a twelve month low of $23.78 and a twelve month high of $24.67.

Hedge Funds Weigh In On VanEck Green Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Canandaigua National Bank & Trust Co. acquired a new stake in VanEck Green Bond ETF during the second quarter worth approximately $919,000. Verus Capital Partners LLC boosted its holdings in shares of VanEck Green Bond ETF by 7.7% in the 1st quarter. Verus Capital Partners LLC now owns 11,375 shares of the financial services provider’s stock valued at $273,000 after buying an additional 811 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of VanEck Green Bond ETF in the 1st quarter valued at $58,000. Cetera Investment Advisers grew its position in shares of VanEck Green Bond ETF by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 16,104 shares of the financial services provider’s stock valued at $386,000 after buying an additional 1,853 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of VanEck Green Bond ETF in the 1st quarter valued at $498,000. 1.77% of the stock is currently 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. (CBF). CBF owns approximately 90% interest of the Company. As of December 31, 2011, the Company’s net investment of $315.3 million in Capital Bank, NA.