Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Rises By 227.8%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 612,300 shares, a growth of 227.8% from the December 31st total of 186,800 shares. Based on an average daily trading volume, of 763,600 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.08 during trading on Thursday, hitting $29.11. The company’s stock had a trading volume of 194,010 shares, compared to its average volume of 914,241. The company has a market capitalization of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The company has a fifty day simple moving average of $28.92 and a two-hundred day simple moving average of $28.98.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 27th were given a $0.1564 dividend. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the last quarter. Peak Financial Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth approximately $5,888,000. Foundations Investment Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 18.4% during the third quarter. Foundations Investment Advisors LLC now owns 13,594 shares of the company’s stock valued at $400,000 after buying an additional 2,117 shares during the last quarter. New Century Financial Group LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth about $326,000. Finally, CHB Investment Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $8,744,000.

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.