Short Interest in VanEck China Bond ETF (NYSEARCA:CBON) Increases By 69.1%

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 20,052 shares, an increase of 69.1% from the May 31st total of 11,860 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,394 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Investors Weigh In On VanEck China Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake in shares of VanEck China Bond ETF by 2.1% in the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after purchasing an additional 815 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of VanEck China Bond ETF during the 4th quarter valued at approximately $26,000. Rockefeller Capital Management L.P. boosted its holdings in 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 buying an additional 4,889 shares during the period. Finally, OLD Mission Capital LLC boosted its holdings in VanEck China Bond ETF by 23.8% in the 4th quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock worth $1,170,000 after buying an additional 9,858 shares during the period. 14.60% of the stock is owned by hedge funds and other institutional investors.

VanEck China Bond ETF Price Performance

Shares of NYSEARCA CBON traded up $0.16 during trading on Thursday, reaching $23.93. 3,104 shares of the stock traded hands, compared to its average volume of 5,988. The stock has a market capitalization of $23.93 million, a P/E ratio of -184.08 and a beta of 0.12. VanEck China Bond ETF has a 52-week low of $22.11 and a 52-week high of $24.00. The company has a 50-day moving average of $23.78 and a 200-day moving average of $23.34.

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.