Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Rises By 227.8%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 612,300 shares, a growth of 227.8% from the December 31st total of 186,800 shares. Based on an average daily trading volume, of 763,600 shares, the short-interest ratio is presently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ:ANGL traded up $0.08 on Thursday, reaching $29.11. 194,010 shares of the company’s stock were exchanged, compared to its average volume of 914,241. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The stock has a fifty day simple moving average of $28.92 and a 200-day simple moving average of $28.98. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were issued a dividend of $0.1564 per share. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 2nd quarter valued at $21,998,000. Strategic Financial Concepts LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,872.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 611,573 shares of the company’s stock worth $17,534,000 after buying an additional 590,999 shares during the last quarter. CHB Investment Group LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $8,744,000. Integrated Wealth Concepts LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 54.4% during the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after purchasing an additional 282,668 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 7.0% during the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock worth $110,958,000 after purchasing an additional 246,899 shares during the last quarter.

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.