VanEck Green Bond ETF (NYSEARCA:GRNB) Sees Large Decrease in Short Interest
by Scott Moore · The Cerbat GemVanEck Green Bond ETF (NYSEARCA:GRNB – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 477 shares, a decline of 98.0% from the March 15th total of 24,090 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 32,254 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On VanEck Green Bond ETF
Hedge funds have recently made changes to their positions in the company. Founders Financial Alliance LLC purchased a new stake in shares of VanEck Green Bond ETF in the 3rd quarter worth $33,000. Flagship Harbor Advisors LLC acquired a new position in shares of VanEck Green Bond ETF in the fourth quarter valued at about $101,000. MAI Capital Management increased its holdings in shares of 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 period. Advisory Services Network LLC acquired a new position in shares of VanEck Green Bond ETF in the third quarter valued at about $137,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of VanEck Green Bond ETF in the second quarter valued at about $208,000. 1.77% of the stock is currently owned by hedge funds and other institutional investors.
VanEck Green Bond ETF Trading Up 0.0%
Shares of NYSEARCA GRNB traded up $0.01 during trading hours on Friday, hitting $24.05. 43,145 shares of the company traded hands, compared to its average volume of 31,452. The company’s 50 day moving average price is $24.19 and its 200 day moving average price is $24.33. The stock has a market capitalization of $176.77 million, a price-to-earnings ratio of -35.37 and a beta of 0.26. VanEck Green Bond ETF has a 12 month low of $23.50 and a 12 month 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. Shareholders of record on Monday, March 2nd were given a $0.0784 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. VanEck Green Bond ETF’s dividend payout ratio is -151.47%.
VanEck Green Bond ETF Company Profile
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.