VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Down 34.3% in March

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 435,000 shares, a decline of 34.3% from the February 29th total of 662,000 shares. Based on an average daily trading volume, of 1,158,200 shares, the short-interest ratio is presently 0.4 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL opened at $29.02 on Friday. The company’s fifty day moving average price is $28.84 and its 200-day moving average price is $28.13. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.21. The firm has a market capitalization of $3.09 billion, a PE ratio of 59.99 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were paid a dividend of $0.1384 per share. The ex-dividend date was Friday, March 1st. This represents a $1.66 annualized dividend and a yield of 5.72%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its position in VanEck Fallen Angel High Yield Bond ETF by 66.1% in the second quarter. US Bancorp DE now owns 915 shares of the company’s stock valued at $25,000 after buying an additional 364 shares during the last quarter. VitalStone Financial LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at $26,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 408.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after acquiring an additional 816 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $33,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $41,000.

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.