VanEck China Bond ETF (NYSEARCA:CBON) Short Interest Up 69.1% in June

VanEck China Bond ETF (NYSEARCA:CBON) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 20,052 shares, an increase of 69.1% from the May 31st total of 11,860 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 4,394 shares, the short-interest ratio is currently 4.6 days.

VanEck China Bond ETF Price Performance

Shares of VanEck China Bond ETF stock traded up $0.16 during trading hours on Thursday, reaching $23.93. The company had a trading volume of 3,104 shares, compared to its average volume of 5,988. The firm has a market cap of $23.93 million, a PE ratio of -184.08 and a beta of 0.12. VanEck China Bond ETF has a one year low of $22.11 and a one year high of $24.00. The business has a fifty day simple moving average of $23.78 and a 200 day simple moving average of $23.34.

Hedge Funds Weigh In On VanEck China Bond ETF

Hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC boosted its holdings in 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 period. Susquehanna International Group LLP increased its holdings in shares of VanEck China Bond ETF by 2.1% in 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 during the period. Rockefeller Capital Management L.P. increased its holdings in shares of VanEck China Bond ETF by 426.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,035 shares of the company’s stock worth $138,000 after purchasing an additional 4,889 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of VanEck China Bond ETF in the fourth quarter worth $26,000. Hedge funds and other institutional investors 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.