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 growth in short interest in the month of October. As of October 31st, there was short interest totalling 584,800 shares, a growth of 69.5% from the October 15th total of 345,000 shares. Based on an average trading volume of 760,300 shares, the short-interest ratio is currently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.99 on Thursday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s 50 day simple moving average is $29.13 and its 200-day simple moving average is $28.82. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1568 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the last quarter. Assetmark Inc. boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after purchasing an additional 1,001 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth about $45,000. Finally, Gleason Group Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $55,000.

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.