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 significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,289,773 shares, a growth of 128.9% from the July 30th total of 563,367 shares. Based on an average daily volume of 992,402 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the company’s stock are short sold.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.1%

Shares of ANGL traded down $0.02 during midday trading on Friday, hitting $29.08. 248,760 shares of the company’s stock traded hands, compared to its average volume of 862,130. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $28.35 and a 1 year high of $29.77. The firm’s fifty day moving average is $29.04 and its 200-day moving average is $29.10.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.1684 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Large investors have recently modified their holdings of the business. 1620 Investment Advisors Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock valued at $1,545,000 after purchasing an additional 436 shares during the last quarter. Meridian Financial Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% in the first quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after buying an additional 490 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% during the fourth quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after buying an additional 499 shares during the period. Truist Financial Corp grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the fourth quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after buying an additional 504 shares during the last quarter. Finally, Perissos Private Wealth Management LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 3rd quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after acquiring an additional 542 shares during the period.

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.