VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Large Increase in Short Interest

VanEck Green Bond ETF (NYSEARCA:GRNB) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 24,090 shares, an increase of 62.7% from the February 26th total of 14,810 shares. Based on an average daily volume of 22,686 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of VanEck Green Bond ETF

Hedge funds have recently modified their holdings of the stock. Founders Financial Alliance LLC acquired a new position in shares of VanEck Green Bond ETF during the 3rd quarter valued at $33,000. Flagship Harbor Advisors LLC acquired a new stake in VanEck Green Bond ETF in the fourth quarter worth $101,000. MAI Capital Management increased its stake in VanEck Green Bond ETF by 9.1% in the third quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 421 shares in the last quarter. Advisory Services Network LLC bought a new stake in VanEck Green Bond ETF in the third quarter valued at $137,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of VanEck Green Bond ETF during the second quarter valued at about $208,000. Institutional investors own 1.77% of the company’s stock.

VanEck Green Bond ETF Trading Down 0.2%

NYSEARCA GRNB traded down $0.04 during trading hours on Friday, hitting $23.80. 41,943 shares of the company’s stock were exchanged, compared to its average volume of 32,421. The firm has a market cap of $164.22 million, a price-to-earnings ratio of -35.00 and a beta of 0.24. The stock has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $24.37. VanEck Green Bond ETF has a 1-year low of $23.48 and a 1-year high of $24.67.

VanEck Green Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0784 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. VanEck Green Bond ETF’s dividend payout ratio (DPR) is -150.00%.

About VanEck Green Bond ETF

Green Bankshares, Inc (Green Bankshares) is a bank holding company. Prior to September 7, 2011, Green Bankshares conducted its business primarily through its wholly owned subsidiary, GreenBank (the Bank). On September 7, 2011, the Bank merged with and into Capital Bank, National Association (Capital Bank, NA), a subsidiary of Capital Bank Financial Corp. (CBF). CBF owns approximately 90% interest of the Company. As of December 31, 2011, the Company’s net investment of $315.3 million in Capital Bank, NA.