Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Grows By 31.4%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 239,600 shares, a growth of 31.4% from the February 13th total of 182,400 shares. Based on an average daily volume of 793,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

VanEck Fallen Angel High Yield Bond ETF Trading Up 0.1 %

Shares of ANGL stock opened at $28.92 on Tuesday. The business’s 50 day moving average is $28.91 and its two-hundred day moving average is $29.00. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The company has a market capitalization of $2.99 billion, a P/E ratio of 60.80 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 54.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,827,144 shares of the company’s stock valued at $81,073,000 after buying an additional 1,002,192 shares during the period. Bank of America Corp DE lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 11.6% in the 4th quarter. Bank of America Corp DE now owns 9,470,412 shares of the company’s stock valued at $271,517,000 after buying an additional 984,949 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at approximately $19,086,000. Strategic Financial Concepts LLC lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2,872.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 611,573 shares of the company’s stock valued at $17,534,000 after buying an additional 590,999 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,582,858 shares of the company’s stock valued at $45,381,000 after buying an additional 535,771 shares during the period.

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.