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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 612,300 shares, a growth of 227.8% from the December 31st total of 186,800 shares. Based on an average trading volume of 763,600 shares, the days-to-cover ratio is presently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ:ANGL traded down $0.04 during midday trading on Friday, hitting $29.04. 1,048,085 shares of the stock were exchanged, compared to its average volume of 923,659. The company has a market capitalization of $3.01 billion, a PE ratio of 0.48 and a beta of 0.52. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The business’s fifty day simple moving average is $28.92 and its two-hundred day simple moving average is $28.98.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared 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. This is a positive change from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, December 27th.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

A number of hedge funds have recently added to or reduced their stakes in ANGL. LPL Financial LLC lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 7.0% in the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after acquiring an additional 246,899 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after purchasing an additional 116,162 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock valued at $82,419,000 after purchasing an additional 70,163 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after purchasing an additional 38,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in VanEck Fallen Angel High Yield Bond ETF by 54.4% during the third quarter. Integrated Wealth Concepts LLC now owns 802,677 shares of the company’s stock worth $23,607,000 after buying an additional 282,668 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.