VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Large Increase in Short Interest

VanEck Green Bond ETF (NYSEARCA:GRNB) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 15,699 shares, a growth of 68.9% from the January 15th total of 9,296 shares. Based on an average daily volume of 31,036 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 31,036 shares, the short-interest ratio is currently 0.5 days.

VanEck Green Bond ETF Stock Performance

Shares of GRNB opened at $24.44 on Friday. The business’s fifty day moving average price is $24.37 and its two-hundred day moving average price is $24.39. The firm has a market capitalization of $168.64 million, a price-to-earnings ratio of -35.94 and a beta of 0.24. VanEck Green Bond ETF has a 52 week low of $23.48 and a 52 week high of $24.67.

VanEck Green Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.089 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, February 2nd. VanEck Green Bond ETF’s dividend payout ratio (DPR) is presently -150.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRNB. Golden State Wealth Management LLC grew its position in shares of VanEck Green Bond ETF by 3.1% during the 4th quarter. Golden State Wealth Management LLC now owns 17,372 shares of the financial services provider’s stock worth $423,000 after buying an additional 518 shares during the period. Vontobel Holding Ltd. boosted its stake in VanEck Green Bond ETF by 98.3% in the fourth quarter. Vontobel Holding Ltd. now owns 45,469 shares of the financial services provider’s stock valued at $1,106,000 after acquiring an additional 22,539 shares during the last quarter. Rossby Financial LCC grew its holdings in VanEck Green Bond ETF by 11.8% during the 4th quarter. Rossby Financial LCC now owns 313,807 shares of the financial services provider’s stock worth $7,636,000 after acquiring an additional 33,097 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in VanEck Green Bond ETF by 19.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 155,374 shares of the financial services provider’s stock worth $3,781,000 after acquiring an additional 25,470 shares during the period. Finally, SBE LLC DBA Cedar Cove Wealth Partners bought a new stake in shares of VanEck Green Bond ETF during the 4th quarter valued at $308,000. 1.77% of the stock is currently owned by institutional investors and hedge funds.

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.