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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,289,773 shares, a growth of 128.9% from the July 30th total of 563,367 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 992,402 shares, the short-interest ratio is presently 1.3 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock traded down $0.07 during midday trading on Friday, hitting $29.03. The stock had a trading volume of 745,773 shares, compared to its average volume of 865,337. The company’s 50-day moving average price is $29.04 and its 200 day moving average price is $29.10. The firm has a market cap of $3.06 billion, a PE ratio of 59.37 and a beta of 0.42. 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 disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1684 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 52,607 shares of the company’s stock worth $1,545,000 after buying an additional 436 shares during the last quarter. Meridian Financial Advisors LLC grew 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 purchasing 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 valued at $847,000 after acquiring an additional 499 shares in the last quarter. Truist Financial Corp increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.6% in the 4th quarter. Truist Financial Corp now owns 14,593 shares of the company’s stock valued at $429,000 after purchasing an additional 504 shares in the last quarter. Finally, Perissos Private Wealth Management LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the third quarter. Perissos Private Wealth Management LLC now owns 62,637 shares of the company’s stock valued at $1,862,000 after purchasing an additional 542 shares during the period.

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.