VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Significant Increase in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 784,600 shares, an increase of 227.5% from the February 28th total of 239,600 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 995,800 shares, the short-interest ratio is currently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL opened at $28.84 on Friday. The firm has a market capitalization of $2.99 billion, a PE ratio of 60.45 and a beta of 0.52. The stock has a 50 day simple moving average of $28.95 and a 200 day simple moving average of $29.00. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1361 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tcfg Wealth Management LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 10,199 shares of the company’s stock valued at $292,000 after buying an additional 347 shares in the last quarter. Authentikos Wealth Advisory LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% in the 4th quarter. Authentikos Wealth Advisory LLC now owns 8,010 shares of the company’s stock valued at $230,000 after purchasing an additional 386 shares in the last quarter. Retirement Guys Formula LLC increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% in the 4th quarter. Retirement Guys Formula LLC now owns 55,039 shares of the company’s stock valued at $1,578,000 after purchasing an additional 390 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after buying an additional 390 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1.9% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 22,056 shares of the company’s stock worth $632,000 after buying an additional 415 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.