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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 265,400 shares, a drop of 57.7% from the November 30th total of 627,000 shares. Based on an average daily trading volume, of 725,400 shares, the days-to-cover ratio is presently 0.4 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL traded down $0.27 on Friday, reaching $28.61. The company’s stock had a trading volume of 655,411 shares, compared to its average volume of 966,413. The company has a 50-day simple moving average of $29.00 and a 200 day simple moving average of $28.92. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The company has a market cap of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 27th will be issued a $0.1564 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date is Friday, December 27th.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock valued at $1,362,000 after acquiring an additional 347 shares during the period. Jaffetilchin Investment Partners LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after purchasing an additional 350 shares during the last quarter. Delta Investment Management LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the second quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after buying an additional 492 shares during the period. Financial Advocates Investment Management grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after buying an additional 495 shares during the last quarter. Finally, Retirement Guys Formula LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock valued at $1,607,000 after buying an additional 510 shares during the last quarter.

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.