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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 265,400 shares, a drop of 57.7% from the November 30th total of 627,000 shares. Based on an average daily trading volume, of 725,400 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors have recently modified their holdings of ANGL. Truist Financial Corp raised its stake in VanEck Fallen Angel High Yield Bond ETF by 0.7% during the second quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after acquiring an additional 347 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after purchasing an additional 350 shares in the last quarter. Delta Investment Management LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after purchasing an additional 492 shares during the last quarter. Financial Advocates Investment Management boosted its position in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after buying an additional 495 shares in the last quarter. Finally, Retirement Guys Formula LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the third quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after buying an additional 510 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded down $0.26 on Friday, reaching $28.62. 655,411 shares of the stock were exchanged, compared to its average volume of 966,365. The firm has a market cap of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. The firm’s 50 day moving average is $29.01 and its 200-day moving average is $28.92. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.98 and a one year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Friday, November 1st.

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.