Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Rises By 69.5%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 584,800 shares, an increase of 69.5% from the October 15th total of 345,000 shares. Based on an average daily trading volume, of 760,300 shares, the short-interest ratio is currently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.5 %

ANGL opened at $28.99 on Wednesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The firm’s 50-day moving average price is $29.13 and its 200 day moving average price is $28.81.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.49%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in ANGL. Triad Wealth Partners LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% in the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after purchasing an additional 522 shares during the period. Assetmark Inc. increased its position in VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the last quarter. Fortitude Family Office LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $45,000. Finally, Gleason Group Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at about $55,000.

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.