VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,289,773 shares, an increase of 128.9% from the July 30th total of 563,367 shares. Based on an average daily volume of 992,402 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. IFC & Insurance Marketing Inc. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $26,000. Caldwell Trust Co grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 306.3% during the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares during the period. Western Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at approximately $49,000. Compass Financial Management LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $82,000. Finally, Ameritas Advisory Services LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

NASDAQ ANGL traded down $0.02 during trading hours on Friday, reaching $29.08. The stock had a trading volume of 248,760 shares, compared to its average volume of 862,130. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77. The stock has a fifty day moving average of $29.04 and a 200 day moving average of $29.10. The stock has a market cap of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.42.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1684 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.