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

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

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

VanEck Fallen Angel High Yield Bond ETF stock opened at $29.42 on Friday. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.47. The company’s 50 day moving average price is $29.01 and its two-hundred day moving average price is $28.72. The stock has a market cap of $3.07 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock valued at $26,000 after buying an additional 522 shares during the period. Pineridge Advisors LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter worth about $50,000. Gleason Group Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter worth about $55,000. Finally, SageView Advisory Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $92,000.

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.