VanEck China Bond ETF (NYSEARCA:CBON) Shares Down 0.1% – What’s Next?

Shares of VanEck China Bond ETF (NYSEARCA:CBON) dropped 0.1% during mid-day trading on Thursday . The company traded as low as $23.88 and last traded at $23.93. Approximately 2,023 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 6,060 shares. The stock had previously closed at $23.95.

VanEck China Bond ETF Stock Down 0.1%

The stock has a 50-day moving average of $23.86 and a 200 day moving average of $23.47. The stock has a market cap of $26.32 million, a PE ratio of -184.08 and a beta of 0.12.

Institutional Investors Weigh In On VanEck China Bond ETF

A number of hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in VanEck China Bond ETF during the fourth quarter worth about $26,000. Rockefeller Capital Management L.P. increased its holdings in shares of 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 worth $138,000 after buying an additional 4,889 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of VanEck China Bond ETF by 2.1% during the 3rd quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock valued at $883,000 after buying an additional 815 shares during the period. Client First Investment Management LLC acquired a new position in VanEck China Bond ETF in the second quarter valued at approximately $1,159,000. Finally, OLD Mission Capital LLC lifted its holdings in VanEck China Bond ETF by 23.8% in the fourth quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after acquiring an additional 9,858 shares during the last quarter. Hedge funds and other institutional investors 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.