VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Significant Drop in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 292,200 shares, a drop of 71.6% from the May 14th total of 1,027,326 shares. Based on an average trading volume of 595,158 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several large investors have recently bought and sold shares of ANGL. IFC & Insurance Marketing Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $26,000. Caldwell Trust Co grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% during the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after buying an additional 775 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $35,000. Western Wealth Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $49,000. Finally, SHP Wealth Management acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $98,000.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.0%

NASDAQ:ANGL traded up $0.01 during trading hours on Friday, hitting $29.12. The stock had a trading volume of 660,011 shares, compared to its average volume of 926,505. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77. The business has a 50 day simple moving average of $29.10 and a two-hundred day simple moving average of $29.27. The company has a market cap of $3.05 billion, a PE ratio of 59.37 and a beta of 0.43.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.1535 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 6.3%.

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.