VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Significant Decline in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 170,000 shares, a decrease of 70.9% from the October 31st total of 584,800 shares. Based on an average daily volume of 770,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% in 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 in the last quarter. Assetmark Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after buying an additional 1,001 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $45,000. Finally, Gleason Group Inc. purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $55,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

ANGL stock opened at $29.18 on Thursday. The firm has a market capitalization of $3.07 billion, a PE ratio of 0.48 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 stock’s 50 day moving average is $29.09 and its 200-day moving average is $28.86.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend was Friday, November 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.