Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Decreases By 27.9%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,290,000 shares, a decrease of 27.9% from the August 31st total of 1,790,000 shares. Based on an average trading volume of 802,200 shares, the short-interest ratio is presently 1.6 days.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.2 %

Shares of NASDAQ ANGL traded up $0.07 during mid-day trading on Friday, reaching $29.39. The company had a trading volume of 349,973 shares, compared to its average volume of 1,046,447. The company has a 50-day moving average price of $28.99 and a two-hundred day moving average price of $28.72. The stock has a market cap of $3.07 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.28 and a 1-year high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently bought and sold shares of ANGL. State of Tennessee Treasury Department increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% in the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after acquiring an additional 1,504,000 shares in the last quarter. Morningstar Investment Services LLC raised its stake in VanEck Fallen Angel High Yield Bond ETF by 98.6% during the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock valued at $49,964,000 after purchasing an additional 860,132 shares during the period. Millennium Management LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $21,998,000. Strategic Financial Concepts LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,993.0% in the second quarter. Strategic Financial Concepts LLC now owns 557,519 shares of the company’s stock valued at $15,778,000 after purchasing an additional 539,494 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the first quarter worth $14,510,000.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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.