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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 557,800 shares, a drop 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 Trading of VanEck Fallen Angel High Yield Bond ETF

Several institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 26,678 shares of the company’s stock valued at $768,000 after buying an additional 364 shares during the period. Financial Advocates Investment Management raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.3% during the 4th quarter. Financial Advocates Investment Management now owns 11,653 shares of the company’s stock valued at $335,000 after buying an additional 376 shares during the period. B.O.S.S. Retirement Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 27,904 shares of the company’s stock valued at $803,000 after buying an additional 508 shares during the period. 1620 Investment Advisors Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 1.3% in the third quarter. 1620 Investment Advisors Inc. now owns 42,778 shares of the company’s stock valued at $1,158,000 after purchasing an additional 529 shares during the period. Finally, Family Legacy Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 0.4% in the fourth quarter. Family Legacy Inc. now owns 139,632 shares of the company’s stock valued at $4,019,000 after purchasing an additional 571 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL stock traded down $0.07 during trading on Thursday, hitting $28.24. The stock had a trading volume of 902,136 shares, compared to its average volume of 1,255,463. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.28 and a twelve month high of $29.21. The stock has a market capitalization of $2.94 billion, a P/E ratio of 0.47 and a beta of 0.52. The company’s 50-day moving average price is $28.70 and its two-hundred day moving average price is $28.31.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

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

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.