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

Posted by Shane Hupp on Apr 27th, 2024

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 557,800 shares, a decrease 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 presently 0.5 days.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.3 %

NASDAQ:ANGL traded up $0.08 during trading hours on Friday, reaching $28.32. 1,347,967 shares of the company were exchanged, compared to its average volume of 1,256,604. The firm has a market cap of $2.95 billion, a PE ratio of 0.47 and a beta of 0.52. 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’s 50-day moving average is $28.68 and its 200-day moving average is $28.32.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.152 per share. The ex-dividend date was Monday, April 1st. This represents a $1.82 dividend on an annualized basis and a yield of 6.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. VitalStone Financial LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter worth $26,000. Concourse Financial Group Securities Inc. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 408.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,016 shares of the company’s stock valued at $27,000 after purchasing an additional 816 shares during the last quarter. ORG Partners LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth $33,000. Pineridge Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $50,000. Finally, First Horizon Advisors Inc. boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 61.0% during the fourth quarter. First Horizon Advisors Inc. now owns 3,612 shares of the company’s stock worth $104,000 after buying an additional 1,369 shares during the period.

About VanEck Fallen Angel High Yield Bond ETF

(Get Free Report)

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.