VanEck China Bond ETF (NYSEARCA:CBON) Sees Significant Growth in Short Interest

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 50,352 shares, a growth of 52.7% from the August 31st total of 32,971 shares. Based on an average daily trading volume, of 8,175 shares, the short-interest ratio is currently 6.2 days. Currently, 4.2% of the shares of the stock are short sold.

VanEck China Bond ETF Stock Down 0.2%

VanEck China Bond ETF stock opened at $24.11 on Friday. The company’s 50-day moving average price is $24.06 and its 200-day moving average price is $23.82. VanEck China Bond ETF has a twelve month low of $22.26 and a twelve month high of $24.25. The company has a market cap of $28.93 million, a PE ratio of -185.46 and a beta of 0.12.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VanEck China Bond ETF stock. Client First Investment Management LLC acquired a new position in shares of VanEck China Bond ETF (NYSEARCA:CBON) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,632 shares of the company’s stock, valued at approximately $1,159,000. VanEck China Bond ETF comprises about 0.5% of Client First Investment Management LLC’s portfolio, making the stock its 21st biggest position. Client First Investment Management LLC owned about 4.86% of VanEck China Bond ETF as of its most recent SEC filing. 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.