Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Rises By 227.5%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 784,600 shares, an increase of 227.5% from the February 28th total of 239,600 shares. Based on an average daily volume of 995,800 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the shares of the company are sold short.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.0 %

NASDAQ:ANGL opened at $28.83 on Friday. The company has a market cap of $2.99 billion, a PE ratio of 60.45 and a beta of 0.52. The company has a 50 day simple moving average of $28.95 and a two-hundred day simple moving average of $28.99. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $26.98 and a 12 month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1361 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the last quarter. Citigroup Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 34.8% during the third quarter. Citigroup Inc. now owns 177,132 shares of the company’s stock valued at $5,209,000 after buying an additional 45,694 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 6.5% in the third quarter. Great Valley Advisor Group Inc. now owns 8,826 shares of the company’s stock worth $260,000 after acquiring an additional 540 shares during the period. Hilltop Holdings Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth $737,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 54.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after acquiring an additional 282,668 shares during the last quarter.

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.