VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 172.4% in July

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 615,092 shares, an increase of 172.4% from the June 30th total of 225,817 shares. Based on an average daily trading volume, of 668,091 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are sold short.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL traded up $0.07 during mid-day trading on Monday, hitting $28.89. The company’s stock had a trading volume of 965,689 shares, compared to its average volume of 868,808. The stock’s 50-day moving average is $29.07 and its two-hundred day moving average is $29.20. The firm has a market capitalization of $3.08 billion, a PE ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a one year low of $28.35 and a one year high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.171 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Wednesday, July 1st. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ANGL. Ocean Park Asset Management LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at about $17,401,000. Wealthcare Advisory Partners LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 708,131 shares of the company’s stock valued at $20,706,000 after buying an additional 19,295 shares during the period. Ferguson Shapiro LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $3,333,000. Melone Private Wealth LLC grew its position in VanEck Fallen Angel High Yield Bond ETF by 0.3% during the second quarter. Melone Private Wealth LLC now owns 361,550 shares of the company’s stock worth $10,572,000 after buying an additional 940 shares in the last quarter. Finally, Breakwater Capital Group grew its position in VanEck Fallen Angel High Yield Bond ETF by 86.8% during the second quarter. Breakwater Capital Group now owns 122,499 shares of the company’s stock worth $3,582,000 after buying an additional 56,906 shares in 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.