VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Short Interest Report for October

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 109,542 shares, a drop of 86.1% from the September 30th total of 788,097 shares. Based on an average daily trading volume, of 1,233,893 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several hedge funds have recently made changes to their positions in the stock. Aviance Capital Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $499,000. Founders Financial Securities LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $320,000. Conning Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at approximately $6,496,000. Autumn Glory Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $363,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth approximately $332,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3%

Shares of NASDAQ:ANGL opened at $27.69 on Thursday. The company has a market cap of $2.98 billion, a PE ratio of 59.37 and a beta of 0.44. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $27.25 and a fifty-two week high of $29.77. The firm has a 50-day simple moving average of $28.21 and a 200 day simple moving average of $28.92.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.1583 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.9%. This is a drop from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. The ex-dividend date of this dividend was Thursday, October 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.