VanEck China Bond ETF (NYSEARCA:CBON) Sees Large Growth in Short Interest

VanEck China Bond ETF (NYSEARCA:CBON) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 859 shares, a growth of 264.0% from the November 30th total of 236 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,661 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 1,661 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of VanEck China Bond ETF

A hedge fund recently raised its stake in VanEck China Bond ETF stock. Susquehanna International Group LLP increased its stake in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,435 shares of the company’s stock after purchasing an additional 815 shares during the quarter. Susquehanna International Group LLP owned 4.93% of VanEck China Bond ETF worth $883,000 at the end of the most recent quarter. Institutional investors own 14.60% of the company’s stock.

VanEck China Bond ETF Price Performance

Shares of CBON stock traded up $0.03 during trading on Thursday, reaching $22.79. The company’s stock had a trading volume of 2,039 shares, compared to its average volume of 2,205. The company has a market capitalization of $18.23 million, a price-to-earnings ratio of -175.31 and a beta of 0.12. The stock’s 50-day moving average price is $22.51 and its 200 day moving average price is $22.39. VanEck China Bond ETF has a 1-year low of $21.34 and a 1-year high of $22.84.

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.