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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 793,583 shares, an increase of 624.5% from the October 15th total of 109,542 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 1,308,904 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently modified their holdings of ANGL. Private Advisor Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at $3,656,000. Independent Advisor Alliance purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $394,000. OneAscent Financial Services LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $449,000. Bogart Wealth LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $50,000. Finally, Global Retirement Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $253,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.58 on Wednesday. The company has a 50 day moving average price of $27.95 and a 200 day moving average price of $28.84. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $27.25 and a 52 week high of $29.77. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 59.37 and a beta of 0.45.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.1688 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.03 annualized dividend and a yield of 7.3%.

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.