VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Short Interest Report for October

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 793,583 shares, a growth of 624.5% from the October 15th total of 109,542 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,308,904 shares, the short-interest ratio is currently 0.6 days.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.5%

ANGL opened at $27.58 on Wednesday. The firm has a market cap of $2.98 billion, a PE ratio of 59.37 and a beta of 0.45. The business has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $28.84. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a dividend of $0.1688 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. This represents a $2.03 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, November 2nd.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $3,656,000. Independent Advisor Alliance acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $394,000. OneAscent Financial Services LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $449,000. Bogart Wealth LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $50,000. Finally, Global Retirement Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $253,000.

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.