VanEck China Bond ETF (NYSEARCA:CBON) Shares Down 0.1% – Time to Sell?

Shares of VanEck China Bond ETF (NYSEARCA:CBONGet Free Report) were down 0.1% on Monday . The stock traded as low as $24.18 and last traded at $24.20. Approximately 4,792 shares traded hands during trading, a decline of 20% from the average daily volume of 5,979 shares. The stock had previously closed at $24.22.

VanEck China Bond ETF Price Performance

The business has a fifty day moving average of $24.03 and a 200-day moving average of $23.77. The stock has a market capitalization of $29.02 million, a price-to-earnings ratio of -186.00 and a beta of 0.12.

Institutional Trading of VanEck China Bond ETF

A hedge fund recently raised its position in VanEck China Bond ETF stock. Rockefeller Capital Management L.P. boosted its holdings in VanEck China Bond ETF (NYSEARCA:CBONFree Report) by 426.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,035 shares of the company’s stock after buying an additional 4,889 shares during the quarter. Rockefeller Capital Management L.P. owned 0.75% of VanEck China Bond ETF worth $138,000 as of its most recent SEC filing. 14.60% of the stock is currently owned by institutional investors and hedge funds.

About VanEck China Bond ETF

(Get Free Report)

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.

Further Reading

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