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 decline in short interest in December. As of December 31st, there was short interest totalling 186,800 shares, a decline of 29.6% from the December 15th total of 265,400 shares. Based on an average daily trading volume, of 712,900 shares, the days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently made changes to their positions in the stock. Hill Island Financial LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 11.1% in the 2nd quarter. Hill Island Financial LLC now owns 12,191 shares of the company’s stock valued at $345,000 after purchasing an additional 1,220 shares during the period. WCG Wealth Advisors LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 47.1% in the second quarter. WCG Wealth Advisors LLC now owns 24,514 shares of the company’s stock valued at $694,000 after purchasing an additional 7,850 shares during the last quarter. AE Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 7.9% in the second quarter. AE Wealth Management LLC now owns 472,877 shares of the company’s stock valued at $13,382,000 after purchasing an additional 34,773 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after buying an additional 10,666 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of NASDAQ ANGL opened at $28.81 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business has a 50-day moving average of $28.93 and a 200-day moving average of $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were given a dividend of $0.1564 per share. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

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.