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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 292,200 shares, a decrease of 71.6% from the May 14th total of 1,027,326 shares. Based on an average daily trading volume, of 595,158 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several hedge funds have recently modified their holdings of ANGL. Jane Street Group LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 326,655 shares of the company’s stock valued at $9,427,000 after purchasing an additional 35,746 shares during the last quarter. Creative Planning bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth $269,000. Qube Research & Technologies Ltd increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 32.9% in the second quarter. Qube Research & Technologies Ltd now owns 25,745 shares of the company’s stock valued at $754,000 after buying an additional 6,377 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $129,000. Finally, Ausdal Financial Partners Inc. increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 32.7% in the second quarter. Ausdal Financial Partners Inc. now owns 54,257 shares of the company’s stock valued at $1,589,000 after buying an additional 13,374 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3%

VanEck Fallen Angel High Yield Bond ETF stock traded up $0.08 during mid-day trading on Thursday, hitting $29.00. 62,725 shares of the company were exchanged, compared to its average volume of 923,942. The company has a market capitalization of $3.04 billion, a PE ratio of 59.37 and a beta of 0.43. The business has a fifty day moving average of $29.08 and a 200 day moving average of $29.27. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $28.35 and a 1-year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.1535 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, June 1st.

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.