VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Down 76.4% in February

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 182,400 shares, a drop of 76.4% from the January 31st total of 773,700 shares. Based on an average daily trading volume, of 752,400 shares, the short-interest ratio is presently 0.2 days.

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

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 19,972 shares of the company’s stock valued at $587,000 after acquiring an additional 536 shares in the last quarter. 1620 Investment Advisors Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.2% in the third quarter. 1620 Investment Advisors Inc. now owns 48,370 shares of the company’s stock worth $1,423,000 after purchasing an additional 573 shares during the period. Financial Advocates Investment Management increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% in the third quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock worth $379,000 after purchasing an additional 495 shares during the period. Goldstone Financial Group LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $425,000. Finally, Principal Securities Inc. lifted its position in VanEck Fallen Angel High Yield Bond ETF by 2.4% during the third quarter. Principal Securities Inc. now owns 134,409 shares of the company’s stock worth $3,953,000 after purchasing an additional 3,096 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $29.07 on Friday. The stock has a fifty day moving average of $28.87 and a 200-day moving average of $29.02. The company has a market capitalization of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.