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 significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 482,100 shares, a drop of 15.0% from the July 15th total of 567,000 shares. Based on an average trading volume of 877,300 shares, the short-interest ratio is currently 0.5 days.

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

Large investors have recently modified their holdings of the company. State of Tennessee Treasury Department grew its position in VanEck Fallen Angel High Yield Bond ETF by 61.9% during the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after buying an additional 1,504,000 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% during the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock valued at $49,964,000 after acquiring an additional 860,132 shares during the last quarter. Millennium Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $21,998,000. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 562.1% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 661,041 shares of the company’s stock worth $19,025,000 after purchasing an additional 561,195 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2,993.0% in the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock worth $15,778,000 after purchasing an additional 539,494 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.4 %

Shares of NASDAQ ANGL traded up $0.12 during mid-day trading on Friday, hitting $29.07. The company had a trading volume of 753,436 shares, compared to its average volume of 1,108,941. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.28 and a 1 year high of $29.21. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock’s 50-day moving average price is $28.59 and its 200-day moving average price is $28.63.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.1573 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.49%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, August 1st.

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.