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