VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Stock Short Interest Declines 86.1%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 109,542 shares, a decline of 86.1% from the September 30th total of 788,097 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,233,893 shares, the short-interest ratio is presently 0.1 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL traded up $0.10 on Tuesday, hitting $27.73. The company had a trading volume of 560,329 shares, compared to its average volume of 896,619. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.77. The stock has a fifty day simple moving average of $28.28 and a 200-day simple moving average of $28.95. The firm has a market capitalization of $2.99 billion, a P/E ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1583 per share. This is a decrease from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1590. This represents a $1.90 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, October 1st.

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

Several hedge funds have recently bought and sold shares of ANGL. Capital Investment Advisors LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $114,627,000. Wealthcare Advisory Partners LLC grew its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock worth $20,706,000 after buying an additional 19,295 shares during the last quarter. Howard Financial Services LTD. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 3.2% during the second quarter. Howard Financial Services LTD. now owns 690,639 shares of the company’s stock valued at $20,194,000 after buying an additional 21,463 shares during the last quarter. Ocean Park Asset Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $17,401,000. Finally, Envestnet Asset Management Inc. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 12.8% during the second quarter. Envestnet Asset Management Inc. now owns 587,488 shares of the company’s stock valued at $17,178,000 after buying an additional 66,478 shares during the last quarter.

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.