Short Interest in VanEck Green Bond ETF (NYSEARCA:GRNB) Decreases By 65.1%

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 14,810 shares, a decrease of 65.1% from the February 12th total of 42,463 shares. Based on an average daily volume of 39,311 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 39,311 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On VanEck Green Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of VanEck Green Bond ETF in the 1st quarter valued at about $234,000. Jane Street Group LLC grew its holdings in shares of VanEck Green Bond ETF by 58.2% during the first quarter. Jane Street Group LLC now owns 43,732 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 16,089 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of VanEck Green Bond ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 15,295 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 976 shares in the last quarter. Creative Planning increased its position in shares of VanEck Green Bond ETF by 56.3% in the second quarter. Creative Planning now owns 21,344 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 7,688 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of VanEck Green Bond ETF by 13.7% in the second quarter. Cetera Investment Advisers now owns 13,145 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 1,579 shares during the last quarter. 1.77% of the stock is currently owned by hedge funds and other institutional investors.

VanEck Green Bond ETF Price Performance

Shares of NYSEARCA:GRNB opened at $24.20 on Wednesday. The firm has a fifty day moving average price of $24.37 and a two-hundred day moving average price of $24.41. The company has a market cap of $166.98 million, a price-to-earnings ratio of -35.59 and a beta of 0.24. VanEck Green Bond ETF has a one year low of $23.48 and a one year high of $24.67.

VanEck Green Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid 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 yield of 3.9%. VanEck Green Bond ETF’s dividend payout ratio (DPR) is currently -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.