VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Large Increase in Short Interest

VanEck Green Bond ETF (NYSEARCA:GRNB) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 24,090 shares, a growth of 62.7% from the February 26th total of 14,810 shares. Based on an average daily trading volume, of 22,686 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of VanEck Green Bond ETF

Several institutional investors have recently modified their holdings of the business. Founders Financial Alliance LLC acquired a new stake in VanEck Green Bond ETF in the third quarter valued at $33,000. Flagship Harbor Advisors LLC acquired a new position in VanEck Green Bond ETF during the 4th quarter worth about $101,000. MAI Capital Management grew its position in shares of VanEck Green Bond ETF by 9.1% in the 3rd quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock valued at $123,000 after buying an additional 421 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of VanEck Green Bond ETF in the 3rd quarter valued at about $137,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of VanEck Green Bond ETF in the second quarter valued at about $208,000. Institutional investors own 1.77% of the company’s stock.

VanEck Green Bond ETF Trading Down 0.2%

NYSEARCA:GRNB traded down $0.04 during mid-day trading on Friday, hitting $23.80. 41,943 shares of the company’s stock were exchanged, compared to its average volume of 32,421. The company has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $24.37. VanEck Green Bond ETF has a fifty-two week low of $23.48 and a fifty-two week high of $24.67. The firm has a market capitalization of $164.22 million, a P/E ratio of -35.00 and a beta of 0.24.

VanEck Green Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0784 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. VanEck Green Bond ETF’s dividend payout ratio (DPR) is presently -150.00%.

About VanEck Green Bond ETF

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.