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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 784,600 shares, an increase of 227.5% from the February 28th total of 239,600 shares. Based on an average daily trading volume, of 995,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ANGL. Tcfg Wealth Management LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 10,199 shares of the company’s stock worth $292,000 after purchasing an additional 347 shares in the last quarter. Authentikos Wealth Advisory LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 8,010 shares of the company’s stock valued at $230,000 after buying an additional 386 shares in the last quarter. Retirement Guys Formula LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the fourth quarter. Retirement Guys Formula LLC now owns 55,039 shares of the company’s stock valued at $1,578,000 after buying an additional 390 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after acquiring an additional 390 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 22,056 shares of the company’s stock worth $632,000 after acquiring an additional 415 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $28.89 on Thursday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The stock’s 50 day moving average price is $28.95 and its two-hundred day moving average price is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1361 per share. The ex-dividend date was Monday, March 3rd.

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.