VanEck China Bond ETF (NYSEARCA:CBON) Short Interest Down 17.9% in February

VanEck China Bond ETF (NYSEARCA:CBON) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,643 shares, a drop of 17.9% from the February 12th total of 2,000 shares. Based on an average trading volume of 4,476 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 4,476 shares, the short-interest ratio is presently 0.4 days.

VanEck China Bond ETF Stock Performance

Shares of CBON traded up $0.01 during mid-day trading on Monday, reaching $23.18. The stock had a trading volume of 1,779 shares, compared to its average volume of 4,192. The firm has a market cap of $18.54 million, a price-to-earnings ratio of -178.31 and a beta of 0.12. VanEck China Bond ETF has a 12 month low of $21.34 and a 12 month high of $23.42. The business has a fifty day moving average of $23.07 and a 200 day moving average of $22.70.

VanEck China Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0277 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. VanEck China Bond ETF’s payout ratio is -284.62%.

Institutional Investors Weigh In On VanEck China Bond ETF

Institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC raised its holdings 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 acquiring an additional 9,858 shares during the period. Susquehanna International Group LLP boosted its stake in shares of VanEck China Bond ETF by 2.1% in the third quarter. Susquehanna International Group LLP now owns 39,435 shares of the company’s stock worth $883,000 after acquiring an additional 815 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of VanEck China Bond ETF during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 14.60% of the company’s stock.

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.