VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 227.5% in March

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 784,600 shares, an increase of 227.5% from the February 28th total of 239,600 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 995,800 shares, the short-interest ratio is presently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.3 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $28.89 on Thursday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The company’s fifty day moving average is $28.95 and its 200 day moving average is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1361 dividend. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently made changes to their positions in ANGL. Bank of America Corp DE increased its position in VanEck Fallen Angel High Yield Bond ETF by 11.6% during the 4th quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock valued at $271,517,000 after purchasing an additional 984,949 shares during the period. State of Tennessee Department of Treasury increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock worth $147,057,000 after buying an additional 195,085 shares during the period. Capital Investment Advisors LLC increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock worth $83,869,000 after buying an additional 116,162 shares during the period. Cerity Partners LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock worth $81,688,000 after buying an additional 46,829 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 54.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock valued at $81,073,000 after buying an additional 1,002,192 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.