VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Down 57.7% in December

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 265,400 shares, a decrease of 57.7% from the November 30th total of 627,000 shares. Based on an average trading volume of 725,400 shares, the short-interest ratio is presently 0.4 days.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.9 %

ANGL stock opened at $28.61 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The firm has a market cap of $3.01 billion, a P/E ratio of 0.48 and a beta of 0.52. The company’s 50-day simple moving average is $29.00 and its 200-day simple moving average is $28.92.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 27th will be given a dividend of $0.1564 per share. The ex-dividend date is Friday, December 27th. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock valued at $40,487,000 after buying an additional 38,164 shares in the last quarter. Bank of Montreal Can lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 482.2% during the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock valued at $15,463,000 after purchasing an additional 448,415 shares in the last quarter. Heritage Oak Wealth Advisors LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at $274,000. Peak Financial Advisors LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter valued at about $5,888,000. Finally, Evergreen Capital Management LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the second quarter. Evergreen Capital Management LLC now owns 994,173 shares of the company’s stock worth $28,135,000 after purchasing an additional 16,388 shares in the last quarter.

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.