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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 615,092 shares, an increase of 172.4% from the June 30th total of 225,817 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 668,091 shares, the short-interest ratio is currently 0.9 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ:ANGL traded down $0.07 during trading on Wednesday, reaching $28.85. 836,736 shares of the company were exchanged, compared to its average volume of 860,686. The firm has a market capitalization of $3.08 billion, a PE ratio of 59.37 and a beta of 0.42. The business’s fifty day simple moving average is $29.07 and its 200-day simple moving average is $29.19. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $28.35 and a 12-month high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.171 dividend. This represents a c) annualized dividend and a yield of 7.1%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Paller Financial Services Inc bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $1,272,000. Emissary Wealth LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $6,795,000. Triad Wealth Partners LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $1,347,000. Atlantic Edge Private Wealth Management LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 10.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 216,900 shares of the company’s stock valued at $6,369,000 after purchasing an additional 19,734 shares during the period. Finally, BCS Wealth Management increased its position in VanEck Fallen Angel High Yield Bond ETF by 93.1% during the 4th quarter. BCS Wealth Management now owns 41,160 shares of the company’s stock valued at $1,209,000 after purchasing an additional 19,849 shares during the period.

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.