VanEck China Bond ETF (NYSEARCA:CBON) Short Interest Up 88.5% in March

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,097 shares, a growth of 88.5% from the February 26th total of 1,643 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,491 shares, the days-to-cover ratio is presently 0.7 days.

VanEck China Bond ETF Stock Down 0.1%

VanEck China Bond ETF stock traded down $0.03 during mid-day trading on Thursday, hitting $23.22. 2,661 shares of the stock were exchanged, compared to its average volume of 4,198. The stock has a market capitalization of $18.58 million, a price-to-earnings ratio of -178.62 and a beta of 0.12. VanEck China Bond ETF has a 12 month low of $21.34 and a 12 month high of $23.42. The firm’s fifty day simple moving average is $23.14 and its two-hundred day simple moving average is $22.74.

VanEck China Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0277 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, March 2nd. VanEck China Bond ETF’s dividend payout ratio (DPR) is currently -284.62%.

Hedge Funds Weigh In On VanEck China Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CBON. OLD Mission Capital LLC grew its holdings in VanEck China Bond ETF by 23.8% during the 4th 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 period. Rockefeller Capital Management L.P. raised 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 acquiring an additional 4,889 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of VanEck China Bond ETF in the 4th quarter valued at about $26,000. Finally, Susquehanna International Group LLP lifted its stake 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 valued at $883,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 14.60% of the company’s stock.

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.