Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Decreases By 29.6%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 186,800 shares, a drop of 29.6% from the December 15th total of 265,400 shares. Based on an average daily trading volume, of 712,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ANGL. Millennium Management LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $21,998,000. Bank of Montreal Can grew its position in VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after acquiring an additional 448,415 shares in the last quarter. CHB Investment Group LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $8,744,000. Integrated Wealth Concepts LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after purchasing an additional 282,668 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after purchasing an additional 246,899 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1 %

ANGL traded up $0.02 during trading on Friday, hitting $28.90. 134,114 shares of the company’s stock were exchanged, compared to its average volume of 973,658. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47. The stock has a 50 day moving average price of $28.92 and a 200 day moving average price of $28.94. The firm has a market cap of $3.04 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 declared a dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 27th were issued a $0.1564 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

About VanEck Fallen Angel High Yield Bond ETF

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.