VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Free Report) 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
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.
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