Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Decreases By 79.5%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 160,800 shares, a decrease of 79.5% from the March 15th total of 784,600 shares. Based on an average daily volume of 1,358,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

VanEck Fallen Angel High Yield Bond ETF Price Performance

VanEck Fallen Angel High Yield Bond ETF stock opened at $27.82 on Tuesday. VanEck Fallen Angel High Yield Bond ETF has a one year low of $26.92 and a one year high of $29.47. The business’s fifty day moving average is $28.69 and its 200 day moving average is $28.87. The stock has a market capitalization of $2.81 billion, a PE ratio of 57.90 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1578 dividend. The ex-dividend date was Tuesday, April 1st. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.16. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.81%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANGL. BNP Paribas Financial Markets raised its stake in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the 4th quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 854 shares during the last quarter. Biltmore Family Office LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 593.3% in the fourth quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after purchasing an additional 801 shares during the last quarter. Van ECK Associates Corp grew its stake 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 valued at $41,000 after purchasing an additional 390 shares during the period. Transce3nd LLC purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $46,000. Finally, Howe & Rusling Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $56,000.

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.