Short Interest in VanEck Green Bond ETF (NYSEARCA:GRNB) Declines By 35.1%

VanEck Green Bond ETF (NYSEARCA:GRNB) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,296 shares, a drop of 35.1% from the December 31st total of 14,332 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,502 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 32,502 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of VanEck Green Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. MAI Capital Management grew its holdings in VanEck Green Bond ETF by 9.1% in the third quarter. MAI Capital Management now owns 5,040 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 421 shares during the last quarter. American Financial & Tax Strategies Inc. raised its stake in shares of VanEck Green Bond ETF by 3.7% in the fourth quarter. American Financial & Tax Strategies Inc. now owns 13,167 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 465 shares in the last quarter. Smart Portfolios LLC boosted its holdings in VanEck Green Bond ETF by 2.6% in the third quarter. Smart Portfolios LLC now owns 28,401 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 722 shares during the last quarter. Bank of America Corp DE boosted its position in VanEck Green Bond ETF by 3.9% during the 3rd quarter. Bank of America Corp DE now owns 21,056 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 797 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in VanEck Green Bond ETF by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,295 shares of the financial services provider’s stock valued at $371,000 after buying an additional 976 shares in the last quarter. 1.77% of the stock is owned by institutional investors.

VanEck Green Bond ETF Stock Performance

GRNB traded down $0.01 during midday trading on Friday, hitting $24.41. The company had a trading volume of 65,584 shares, compared to its average volume of 31,719. The firm’s 50-day simple moving average is $24.39 and its 200-day simple moving average is $24.38. The company has a market capitalization of $168.43 million, a PE ratio of -35.90 and a beta of 0.24. VanEck Green Bond ETF has a twelve month low of $23.48 and a twelve month high of $24.67.

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.