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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 557,800 shares, a decline of 61.5% from the March 31st total of 1,450,000 shares. Based on an average trading volume of 1,237,700 shares, the short-interest ratio is currently 0.5 days.

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

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock worth $768,000 after acquiring an additional 364 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.3% in the fourth quarter. Financial Advocates Investment Management now owns 11,653 shares of the company’s stock worth $335,000 after acquiring an additional 376 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 27,904 shares of the company’s stock worth $803,000 after acquiring an additional 508 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.3% during the third quarter. 1620 Investment Advisors Inc. now owns 42,778 shares of the company’s stock worth $1,158,000 after acquiring an additional 529 shares during the last quarter. Finally, Family Legacy Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 0.4% during the fourth quarter. Family Legacy Inc. now owns 139,632 shares of the company’s stock worth $4,019,000 after acquiring an additional 571 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $28.24 on Friday. The stock has a fifty day moving average of $28.68 and a two-hundred day moving average of $28.31. The company has a market capitalization of $2.94 billion, a PE ratio of 0.47 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.28 and a fifty-two week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.152 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.82 annualized dividend and a dividend yield of 6.46%.

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.