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 drop in short interest during the month of December. As of December 31st, there was short interest totalling 186,800 shares, a drop of 29.6% from the December 15th total of 265,400 shares. Based on an average trading volume of 712,900 shares, the short-interest ratio is currently 0.3 days.

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

A number of large investors have recently added to or reduced their stakes in ANGL. Millennium Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth $21,998,000. Bank of Montreal Can grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% in 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 last quarter. CHB Investment Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $8,744,000. Integrated Wealth Concepts LLC grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 54.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after acquiring an additional 282,668 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% during the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after purchasing an additional 246,899 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.23 during trading hours on Wednesday, reaching $28.80. The stock had a trading volume of 75,495 shares, compared to its average volume of 846,902. The stock has a market cap of $3.04 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The company has a fifty day simple moving average of $28.93 and a 200-day simple moving average of $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were issued a $0.1564 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

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.