VanEck China Bond ETF (NYSEARCA:CBON) Shares Shorted: Short Interest Up 52.7% in September

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 50,352 shares, an increase of 52.7% from the August 31st total of 32,971 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily volume of 8,175 shares, the short-interest ratio is currently 6.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VanEck China Bond ETF stock. Client First Investment Management LLC bought a new stake in VanEck China Bond ETF (NYSEARCA:CBON) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,632 shares of the company’s stock, valued at approximately $1,159,000. VanEck China Bond ETF makes up 0.5% of Client First Investment Management LLC’s portfolio, making the stock its 21st largest holding. Client First Investment Management LLC owned about 4.86% of VanEck China Bond ETF as of its most recent filing with the Securities and Exchange Commission. 14.60% of the stock is currently owned by institutional investors and hedge funds.

VanEck China Bond ETF Price Performance

CBON opened at $24.15 on Thursday. The business’s 50-day moving average price is $24.06 and its two-hundred day moving average price is $23.81. VanEck China Bond ETF has a 1 year low of $22.26 and a 1 year high of $24.25. The company has a market capitalization of $28.98 million, a price-to-earnings ratio of -185.77 and a beta of 0.12.

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.