VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 268.8% in November

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 627,000 shares, an increase of 268.8% from the November 15th total of 170,000 shares. Based on an average trading volume of 728,200 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of VanEck Fallen Angel High Yield Bond ETF by 138.8% during the second quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after purchasing an additional 522 shares during the period. Assetmark Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 281.2% during the third quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock valued at $40,000 after purchasing an additional 1,001 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the third quarter worth approximately $45,000. Finally, Cultivar Capital Inc. acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of ANGL traded down $0.05 during midday trading on Friday, hitting $29.07. 445,505 shares of the stock traded hands, compared to its average volume of 979,629. VanEck Fallen Angel High Yield Bond ETF has a 1-year low of $26.98 and a 1-year high of $29.47. The firm has a market capitalization of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52. The business’s 50 day moving average price is $29.06 and its two-hundred day moving average price is $28.90.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend was Friday, November 1st.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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.