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

VanEck China Bond ETF (NYSEARCA:CBON) was the target of a significant increase in short interest in the month of 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. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,394 shares, the short-interest ratio is presently 4.6 days.

VanEck China Bond ETF Stock Performance

Shares of CBON remained flat at $23.89 during trading hours on Friday. The stock had a trading volume of 3,193 shares, compared to its average volume of 5,989. VanEck China Bond ETF has a 12 month low of $22.11 and a 12 month high of $24.00. The business’s fifty day simple moving average is $23.79 and its two-hundred day simple moving average is $23.35. The stock has a market capitalization of $23.89 million, a P/E ratio of -183.77 and a beta of 0.12.

Hedge Funds Weigh In On VanEck China Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBON. Kestra Advisory Services LLC bought a new stake in shares of VanEck China Bond ETF during the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. raised its stake in 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 valued at $138,000 after purchasing an additional 4,889 shares in the last quarter. Susquehanna International Group LLP lifted its position in VanEck China Bond ETF by 2.1% during the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock valued at $883,000 after purchasing an additional 815 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in VanEck China Bond ETF by 23.8% during the fourth 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. 14.60% of the stock is currently owned by hedge funds and other institutional investors.

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.