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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 557,800 shares, a decline of 61.5% from the March 31st total of 1,450,000 shares. Based on an average daily volume of 1,237,700 shares, the short-interest ratio is presently 0.5 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. VitalStone Financial LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter valued at $26,000. Concourse Financial Group Securities Inc. increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 408.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. ORG Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $33,000. Pineridge Advisors LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth approximately $50,000. Finally, First Horizon Advisors Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.0% during the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after purchasing an additional 1,369 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL opened at $28.24 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21. The company’s fifty day moving average is $28.68 and its 200-day moving average is $28.31. The company has a market capitalization of $2.94 billion, a PE ratio of 0.47 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.152 per share. The ex-dividend date was Monday, April 1st. This represents a $1.82 dividend on an annualized basis and a yield of 6.46%.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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.