Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Grows By 122.6%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,027,326 shares, an increase of 122.6% from the April 30th total of 461,549 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 926,072 shares, the short-interest ratio is presently 1.1 days.

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

A number of large investors have recently modified their holdings of ANGL. IFC & Insurance Marketing Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $26,000. Caldwell Trust Co grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% during the fourth quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock worth $30,000 after acquiring an additional 775 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $35,000. Western Wealth Management LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the 1st quarter valued at $49,000. Finally, SHP Wealth Management acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $98,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock traded down $0.16 during trading on Monday, hitting $29.07. 431,024 shares of the company’s stock traded hands, compared to its average volume of 959,078. The business has a fifty day simple moving average of $29.01 and a 200 day simple moving average of $29.29. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 59.37 and a beta of 0.43. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.1563 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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.