VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Shares Shorted: Short Interest Down 86.1% in October

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large decline in short interest during the month of 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. Based on an average trading volume of 1,233,893 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Large investors have recently made changes to their positions in the stock. Capital Investment Advisors LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at approximately $114,627,000. Howard Financial Services LTD. raised its stake in VanEck Fallen Angel High Yield Bond ETF by 4.9% during the 3rd quarter. Howard Financial Services LTD. now owns 708,506 shares of the company’s stock valued at $19,704,000 after buying an additional 32,933 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after buying an additional 19,295 shares during the period. Ocean Park Asset Management LLC bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $17,401,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 12.8% during the 2nd 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 period.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.10 on Tuesday, reaching $27.73. The company’s stock 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 firm’s fifty day simple moving average is $28.28 and its two-hundred day simple moving average is $28.95. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 59.37 and a beta of 0.44.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

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.