VanEck China Bond ETF (NYSEARCA:CBON) Trading 0.1% Higher – Should You Buy?

VanEck China Bond ETF (NYSEARCA:CBON) shot up 0.1% on Monday . The company traded as high as $23.22 and last traded at $23.17. 10,129 shares changed hands during trading, an increase of 140% from the average session volume of 4,225 shares. The stock had previously closed at $23.15.

VanEck China Bond ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $22.66. The company has a market cap of $18.54 million, a PE ratio of -178.23 and a beta of 0.12.

VanEck China Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0277 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, March 2nd. VanEck China Bond ETF’s dividend payout ratio (DPR) is currently -284.62%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. OLD Mission Capital LLC lifted its position in VanEck China Bond ETF by 23.8% during 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. Kestra Advisory Services LLC purchased a new position in VanEck China Bond ETF in the fourth quarter worth $26,000. Finally, Susquehanna International Group LLP increased its position in shares of VanEck China Bond ETF by 2.1% during 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. Institutional investors own 14.60% of the company’s stock.

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.