VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Decline in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 292,200 shares, a decline of 71.6% from the May 14th total of 1,027,326 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 595,158 shares, the short-interest ratio is currently 0.5 days.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3%

NASDAQ:ANGL traded up $0.08 during mid-day trading on Thursday, hitting $29.00. 62,725 shares of the company’s stock traded hands, compared to its average volume of 923,942. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. The firm has a 50 day moving average of $29.08 and a two-hundred day moving average of $29.27. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.1535 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fortune Financial Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 4th quarter. Fortune Financial Advisors LLC now owns 14,772 shares of the company’s stock worth $434,000 after acquiring an additional 418 shares during the period. 1620 Investment Advisors Inc. raised its stake 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 buying an additional 436 shares in the last quarter. Meridian Financial Advisors LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.6% during the 1st quarter. Meridian Financial Advisors LLC now owns 11,176 shares of the company’s stock worth $321,000 after acquiring an additional 490 shares during the period. IFP Advisors Inc lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.8% during the 4th quarter. IFP Advisors Inc now owns 28,855 shares of the company’s stock worth $847,000 after acquiring an additional 499 shares during the period. Finally, Truist Financial Corp boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.6% during the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after acquiring an additional 504 shares in 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.