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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 482,100 shares, a decline of 15.0% from the July 15th total of 567,000 shares. Based on an average daily volume of 877,300 shares, the short-interest ratio is currently 0.5 days.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.4 %

ANGL stock traded up $0.12 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 12-month low of $26.28 and a 12-month high of $29.21. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock’s 50-day simple moving average is $28.59 and its 200 day simple moving average is $28.64.

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 paid a $0.1573 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend was Thursday, August 1st.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently bought and sold shares of ANGL. Mackenzie Financial Corp boosted its position in VanEck Fallen Angel High Yield Bond ETF by 196.3% in the fourth quarter. Mackenzie Financial Corp now owns 225,500 shares of the company’s stock worth $6,490,000 after purchasing an additional 149,400 shares during the last quarter. RWA Wealth Partners LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 106.7% during the fourth quarter. RWA Wealth Partners LLC now owns 398,000 shares of the company’s stock valued at $11,454,000 after buying an additional 205,441 shares during the period. Atria Wealth Solutions Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 166.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 184,306 shares of the company’s stock valued at $5,304,000 after buying an additional 115,182 shares during the period. Truist Financial Corp increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 27.5% during the fourth quarter. Truist Financial Corp now owns 49,356 shares of the company’s stock valued at $1,420,000 after buying an additional 10,652 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 37.1% in the fourth quarter. RiverFront Investment Group LLC now owns 459,999 shares of the company’s stock worth $13,238,000 after acquiring an additional 124,546 shares during the period.

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.