Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Drops By 27.9%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,290,000 shares, a decrease of 27.9% from the August 31st total of 1,790,000 shares. Based on an average daily volume of 802,200 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Triad Wealth Partners LLC acquired a new position in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in 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 acquiring an additional 522 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $50,000. Gleason Group Inc. bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the second quarter valued at $55,000. Finally, SageView Advisory Group LLC acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the first quarter valued at about $92,000.

VanEck Fallen Angel High Yield Bond ETF Stock Up 0.3 %

ANGL stock opened at $29.42 on Friday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The company’s fifty day simple moving average is $29.01 and its 200 day simple moving average is $28.72. VanEck Fallen Angel High Yield Bond ETF has a 12-month low of $26.28 and a 12-month high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1501 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.