VanEck China Bond ETF (NYSEARCA:CBON) Short Interest Update

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 11,208 shares, a growth of 3,818.9% from the April 30th total of 286 shares. Based on an average daily volume of 11,131 shares, the short-interest ratio is currently 1.0 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBON. Kestra Advisory Services LLC acquired a new stake in VanEck China Bond ETF in the 4th quarter valued at about $26,000. 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 valued at $138,000 after acquiring an additional 4,889 shares in the last quarter. Susquehanna International Group LLP raised its position in VanEck China Bond ETF by 2.1% during the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after acquiring an additional 815 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in VanEck China Bond ETF by 23.8% during the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock worth $1,170,000 after acquiring an additional 9,858 shares during the last quarter. Institutional investors and hedge funds own 14.60% of the company’s stock.

VanEck China Bond ETF Stock Performance

CBON opened at $23.91 on Thursday. The business’s fifty day moving average is $23.55 and its two-hundred day moving average is $23.11. The company has a market cap of $21.52 million, a price-to-earnings ratio of -183.92 and a beta of 0.11. VanEck China Bond ETF has a one year low of $22.11 and a one year high of $23.97.

About VanEck China Bond ETF

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.