VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 345,000 shares, an increase of 57.5% from the September 30th total of 219,100 shares. Based on an average trading volume of 798,100 shares, the days-to-cover ratio is currently 0.4 days.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.1 %

NASDAQ:ANGL opened at $29.00 on Friday. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.42 and a twelve month high of $29.47. The business has a 50 day moving average price of $29.17 and a two-hundred day moving average price of $28.76. The company has a market cap of $3.10 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1501 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $45,000. Gleason Group Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $55,000. Finally, SageView Advisory Group LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth approximately $92,000.

VanEck Fallen Angel High Yield Bond ETF Company Profile

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade. ANGL was launched on Apr 10, 2012 and is managed by VanEck.