VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 31.4% in February

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 239,600 shares, an increase of 31.4% from the February 13th total of 182,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 793,400 shares, the short-interest ratio is currently 0.3 days.

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

A number of hedge funds have recently bought and sold shares of ANGL. Charles Schwab Investment Management Inc. increased its holdings 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 worth $40,487,000 after buying an additional 38,164 shares during the last quarter. US Bancorp DE grew its position in VanEck Fallen Angel High Yield Bond ETF by 48.0% in the fourth quarter. US Bancorp DE now owns 4,679 shares of the company’s stock worth $134,000 after acquiring an additional 1,517 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $424,000. Bank of New York Mellon Corp increased its stake in VanEck Fallen Angel High Yield Bond ETF by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,198,889 shares of the company’s stock worth $34,372,000 after acquiring an additional 13,587 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 2.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 32,037 shares of the company’s stock valued at $919,000 after purchasing an additional 863 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL opened at $28.90 on Wednesday. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The business has a 50 day simple moving average of $28.91 and a two-hundred day simple moving average of $29.00. The stock has a market capitalization of $3.22 billion, a PE ratio of 60.45 and a beta of 0.55.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1361 dividend. 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.