VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Down 70.9% in November

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 170,000 shares, a decline of 70.9% from the October 31st total of 584,800 shares. Based on an average daily volume of 770,500 shares, the short-interest ratio is presently 0.2 days.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

Shares of VanEck Fallen Angel High Yield Bond ETF stock opened at $29.18 on Thursday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The company’s fifty day moving average is $29.09 and its 200 day moving average is $28.86.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1568 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.45%.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of 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 worth $26,000 after buying an additional 522 shares during the period. Assetmark Inc. increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares during the period. Fortitude Family Office LLC bought a new position in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth $45,000. Finally, Gleason Group Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $55,000.

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.