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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 265,400 shares, a drop of 57.7% from the November 30th total of 627,000 shares. Based on an average daily trading volume, of 725,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after purchasing an additional 38,164 shares during the period. Bank of Montreal Can lifted its position in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after buying an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $274,000. Peak Financial Advisors LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth about $5,888,000. Finally, Evergreen Capital Management LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after acquiring an additional 16,388 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.9 %

Shares of ANGL traded down $0.27 during mid-day trading on Friday, hitting $28.61. 655,411 shares of the company’s stock traded hands, compared to its average volume of 966,413. The firm has a market capitalization of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average price is $29.00 and its 200-day moving average price is $28.92. VanEck Fallen Angel High Yield Bond ETF has a 1 year low of $26.98 and a 1 year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 27th will be paid a $0.1564 dividend. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date is Friday, December 27th.

About VanEck Fallen Angel High Yield Bond ETF

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.