VanEck China Bond ETF (NYSEARCA:CBON) Shares Shorted: Short Interest Down 89.9% in September

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,108 shares, a decrease of 89.9% from the September 15th total of 50,352 shares. Based on an average daily trading volume, of 3,637 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are short sold.

VanEck China Bond ETF Trading Down 0.2%

Shares of NYSEARCA:CBON traded down $0.04 on Friday, reaching $24.13. 3,444 shares of the company traded hands, compared to its average volume of 5,774. The stock has a market capitalization of $28.96 million, a P/E ratio of -185.62 and a beta of 0.12. The business’s 50-day simple moving average is $24.10 and its 200 day simple moving average is $23.86. VanEck China Bond ETF has a 52 week low of $22.30 and a 52 week high of $24.25.

Institutional Investors Weigh In On VanEck China Bond ETF

An institutional investor recently raised its stake in VanEck China Bond ETF stock. Client First Investment Management LLC increased its stake in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 148.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,045 shares of the company’s stock after acquiring an additional 72,413 shares during the quarter. VanEck China Bond ETF makes up 1.4% of Client First Investment Management LLC’s investment portfolio, making the stock its 13th largest position. Client First Investment Management LLC owned approximately 10.09% of VanEck China Bond ETF worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.