VanEck China Bond ETF (NYSEARCA:CBON) Trading Down 0% – Should You Sell?

VanEck China Bond ETF (NYSEARCA:CBON) dropped 0% during mid-day trading on Thursday . The company traded as low as $22.05 and last traded at $22.08. Approximately 1,498 shares were traded during trading, a decline of 60% from the average daily volume of 3,786 shares. The stock had previously closed at $22.09.

VanEck China Bond ETF Stock Performance

The business’s fifty day moving average price is $22.42 and its 200-day moving average price is $22.18.

Institutional Investors Weigh In On VanEck China Bond ETF

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

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.