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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 793,583 shares, an increase of 624.5% from the October 15th total of 109,542 shares. Based on an average daily trading volume, of 1,308,904 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are sold short.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.7%

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $27.44 on Friday. The company has a market capitalization of $2.83 billion, a PE ratio of 59.37 and a beta of 0.45. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.25 and a 12 month high of $29.77. The stock’s fifty day simple moving average is $27.90 and its 200 day simple moving average is $28.82.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.1688 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.1583. This represents a $2.03 dividend on an annualized basis and a yield of 7.4%.

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

Large investors have recently modified their holdings of the business. Smith Moore & CO. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $795,000. Disciplined Investors L.L.C. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at approximately $243,000. Allianz SE acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $6,898,000. Alteri Wealth LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $429,000. Finally, Private Advisor Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF during the 3rd quarter worth approximately $3,656,000.

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.