VanEck China Bond ETF (NYSEARCA:CBON) Shares Up 0.1% – Here’s Why

VanEck China Bond ETF (NYSEARCA:CBON) shares shot up 0.1% during trading on Monday . The stock traded as high as $23.22 and last traded at $23.17. 10,129 shares were traded 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 Performance

The company has a 50 day moving average of $23.04 and a two-hundred day moving average of $22.66. The stock has a market capitalization of $18.54 million, a PE ratio of -178.23 and a beta of 0.12.

VanEck China Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On VanEck China Bond ETF

Hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC raised its position in shares of VanEck China Bond ETF by 23.8% in the 4th quarter. OLD Mission Capital LLC now owns 51,213 shares of the company’s stock valued at $1,170,000 after purchasing an additional 9,858 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in VanEck China Bond ETF during the 4th quarter worth approximately $26,000. Finally, Susquehanna International Group LLP grew its position in 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 worth $883,000 after purchasing an additional 815 shares during the last quarter. Institutional investors and hedge funds 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.