VanEck China Bond ETF (NYSEARCA:CBON) Shares Down 0.7% – Time to Sell?

VanEck China Bond ETF (NYSEARCA:CBON)’s stock price traded down 0.7% during mid-day trading on Monday . The company traded as low as $21.76 and last traded at $21.84. 3,051 shares were traded during trading, a decline of 10% from the average session volume of 3,383 shares. The stock had previously closed at $21.99.

VanEck China Bond ETF Stock Performance

The company’s 50-day moving average price is $22.05 and its 200-day moving average price is $22.17.

Institutional Investors Weigh In On VanEck China Bond ETF

A hedge fund recently raised its stake in VanEck China Bond ETF stock. Jane Street Group LLC raised its stake in VanEck China Bond ETF (NYSEARCA:CBON) by 64.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,987 shares of the company’s stock after purchasing an additional 40,743 shares during the period. Jane Street Group LLC owned about 9.45% of VanEck China Bond ETF worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

VanEck China Bond ETF Company Profile

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.