VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,027,326 shares, an increase of 122.6% from the April 30th total of 461,549 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 926,072 shares, the short-interest ratio is presently 1.1 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $29.23 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 59.37 and a beta of 0.43. The firm’s fifty day moving average is $29.01 and its two-hundred day moving average is $29.29. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $28.35 and a 52-week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1563 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, May 1st.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ANGL. Southern Farm Bureau Life Insurance increased its holdings in VanEck Fallen Angel High Yield Bond ETF by 110.1% in the 4th quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock valued at $76,045,000 after acquiring an additional 1,356,065 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after buying an additional 1,193,879 shares during the last quarter. Storen Legacy Partners LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth about $16,729,000. Janney Montgomery Scott LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 1,633.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 433,373 shares of the company’s stock worth $12,446,000 after buying an additional 408,373 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 91.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 738,558 shares of the company’s stock worth $21,957,000 after buying an additional 352,445 shares during 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.