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 large decline in short interest in the month of December. As of December 31st, there was short interest totalling 186,800 shares, a decline of 29.6% from the December 15th total of 265,400 shares. Based on an average daily volume of 712,900 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL opened at $28.81 on Thursday. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $26.98 and a fifty-two week high of $29.47. The stock has a fifty day moving average of $28.93 and a 200-day moving average of $28.94. The company has a market capitalization of $3.04 billion, a P/E ratio of 0.48 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after acquiring an additional 38,164 shares during the period. Bank of Montreal Can increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 482.2% in the second quarter. Bank of Montreal Can now owns 541,407 shares of the company’s stock worth $15,463,000 after purchasing an additional 448,415 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at about $274,000. Peak Financial Advisors LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the third quarter worth about $5,888,000. Finally, 1832 Asset Management L.P. grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% during the second quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock worth $34,799,000 after buying an additional 10,666 shares in 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.