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 large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 170,000 shares, a decrease of 70.9% from the October 31st total of 584,800 shares. Based on an average daily volume of 770,500 shares, the short-interest ratio is presently 0.2 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter worth approximately $21,998,000. Strategic Financial Concepts LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 2,993.0% during the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock valued at $15,778,000 after acquiring an additional 539,494 shares during the last quarter. Jane Street Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at $14,510,000. Bank of Montreal Can grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the 2nd quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after acquiring an additional 448,415 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 208.3% in the 1st quarter. Cetera Investment Advisers now owns 516,743 shares of the company’s stock worth $14,996,000 after acquiring an additional 349,129 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.10 during mid-day trading on Wednesday, reaching $29.18. The company had a trading volume of 442,256 shares, compared to its average volume of 1,000,275. The business has a fifty day simple moving average of $29.09 and a 200 day simple moving average of $28.86. The company has a market cap of $3.07 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1568 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend was Friday, November 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.