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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 482,100 shares, a decline of 15.0% from the July 15th total of 567,000 shares. Based on an average daily trading volume, of 877,300 shares, the short-interest ratio is currently 0.5 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

NASDAQ ANGL traded up $0.12 on Friday, hitting $29.07. 753,436 shares of the stock were exchanged, compared to its average volume of 1,108,941. The company has a market capitalization of $3.03 billion, a PE ratio of 0.48 and a beta of 0.52. The business’s fifty day moving average is $28.59 and its 200 day moving average is $28.63. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.28 and a 52 week high of $29.21.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.1573 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 6.49%. This is a boost from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, August 1st.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Several hedge funds have recently bought and sold shares of ANGL. State of Tennessee Treasury Department raised its stake in VanEck Fallen Angel High Yield Bond ETF by 61.9% in the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock valued at $113,209,000 after buying an additional 1,504,000 shares during the period. LPL Financial LLC lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 4.4% during the 2nd quarter. LPL Financial LLC now owns 3,525,907 shares of the company’s stock valued at $99,783,000 after purchasing an additional 148,241 shares during the last quarter. Capital Investment Advisors LLC boosted its position in VanEck Fallen Angel High Yield Bond ETF by 3.9% during the second quarter. Capital Investment Advisors LLC now owns 3,000,290 shares of the company’s stock worth $84,908,000 after purchasing an additional 113,818 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 10.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock valued at $62,374,000 after purchasing an additional 211,090 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 98.6% during the 4th quarter. Morningstar Investment Services LLC now owns 1,732,443 shares of the company’s stock worth $49,964,000 after buying an additional 860,132 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.