VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 345,000 shares, an increase of 57.5% from the September 30th total of 219,100 shares. Based on an average daily trading volume, of 798,100 shares, the days-to-cover ratio is currently 0.4 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.04 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.48 and a fifty-two week high of $29.47. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock has a fifty day moving average of $29.17 and a two-hundred day moving average of $28.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 138.8% in 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 last quarter. Fortitude Family Office LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 3rd quarter valued at about $45,000. Gleason Group Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at about $55,000. Finally, SageView Advisory Group LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 1st quarter worth about $92,000.

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.