VanEck China Bond ETF (NYSEARCA:CBON) Trading Down 0.1% – What’s Next?

VanEck China Bond ETF (NYSEARCA:CBON)’s stock price traded down 0.1% on Monday . The company traded as low as $24.18 and last traded at $24.20. 4,792 shares were traded during mid-day trading, a decline of 20% from the average session volume of 5,979 shares. The stock had previously closed at $24.22.

VanEck China Bond ETF Stock Performance

The firm has a fifty day moving average price of $24.02 and a 200 day moving average price of $23.76. The stock has a market cap of $26.62 million, a PE ratio of -186.15 and a beta of 0.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck China Bond ETF stock. Client First Investment Management LLC purchased a new stake in VanEck China Bond ETF (NYSEARCA:CBON) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 48,632 shares of the company’s stock, valued at approximately $1,159,000. VanEck China Bond ETF makes up approximately 0.5% of Client First Investment Management LLC’s holdings, making the stock its 21st biggest holding. Client First Investment Management LLC owned approximately 4.86% of VanEck China Bond ETF at the end of the most recent reporting period. 14.60% of the stock is owned by institutional investors and hedge funds.

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.