VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Decline in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 170,000 shares, a decline of 70.9% from the October 31st total of 584,800 shares. Based on an average daily volume of 770,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 0.7% during the 2nd quarter. Truist Financial Corp now owns 48,116 shares of the company’s stock worth $1,362,000 after acquiring an additional 347 shares during the period. Jaffetilchin Investment Partners LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 1.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 28,909 shares of the company’s stock worth $850,000 after purchasing an additional 350 shares during the last quarter. Delta Investment Management LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 2nd quarter. Delta Investment Management LLC now owns 19,069 shares of the company’s stock valued at $540,000 after purchasing an additional 492 shares in the last quarter. Financial Advocates Investment Management increased its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.0% in the 3rd quarter. Financial Advocates Investment Management now owns 12,870 shares of the company’s stock valued at $379,000 after purchasing an additional 495 shares during the last quarter. Finally, Retirement Guys Formula LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 0.9% during the 3rd quarter. Retirement Guys Formula LLC now owns 54,649 shares of the company’s stock worth $1,607,000 after buying an additional 510 shares during the last quarter.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

Shares of ANGL traded up $0.10 during mid-day trading on Wednesday, hitting $29.18. 442,256 shares of the company’s stock were exchanged, compared to its average volume of 1,000,275. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $26.98 and a 52 week high of $29.47. The stock’s 50-day simple moving average is $29.09 and its 200-day simple moving average is $28.86. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1568 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend was Friday, November 1st.

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.