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

VanEck China Bond ETF (NYSEARCA:CBON)’s stock price shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $22.55 and last traded at $22.46. 3,765 shares were traded during trading, an increase of 68% from the average session volume of 2,237 shares. The stock had previously closed at $22.44.

VanEck China Bond ETF Stock Performance

The firm has a market cap of $17.97 million, a price-to-earnings ratio of -172.77 and a beta of 0.12. The stock has a 50-day moving average of $22.39 and a 200-day moving average of $22.33.

Institutional Trading of VanEck China Bond ETF

A hedge fund recently raised its stake in VanEck China Bond ETF stock. Susquehanna International Group LLP boosted its stake in shares of VanEck China Bond ETF (NYSEARCA:CBON) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,435 shares of the company’s stock after purchasing an additional 815 shares during the period. Susquehanna International Group LLP owned 4.93% of VanEck China Bond ETF worth $883,000 as of its most recent filing with the SEC. 14.60% of the stock is currently owned by hedge funds and other institutional investors.

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.