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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,790,000 shares, a growth of 113.0% from the August 15th total of 840,200 shares. Based on an average trading volume of 833,100 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Treasury Department increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% in the 4th quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after purchasing an additional 1,504,000 shares in the last quarter. LPL Financial LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.4% in the second quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock worth $99,783,000 after buying an additional 148,241 shares during the period. Capital Investment Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 3.9% in the second quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock worth $84,908,000 after buying an additional 113,818 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 10.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock valued at $62,374,000 after buying an additional 211,090 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% during the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock valued at $49,964,000 after acquiring an additional 860,132 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $29.17 on Friday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average is $28.85 and its two-hundred day moving average is $28.68. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.27.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1501 per share. The ex-dividend date was Tuesday, September 3rd.

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.