VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Update

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 784,600 shares, an increase of 227.5% from the February 28th total of 239,600 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 995,800 shares, the days-to-cover ratio is currently 0.8 days.

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

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 854 shares during the period. Biltmore Family Office LLC boosted its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock worth $27,000 after buying an additional 801 shares in the last quarter. Van ECK Associates Corp grew its position in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% during the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after buying an additional 390 shares during the period. Transce3nd LLC bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter valued at $46,000. Finally, Howe & Rusling Inc. acquired a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $56,000.

VanEck Fallen Angel High Yield Bond ETF Price Performance

ANGL opened at $28.84 on Friday. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52. The company’s 50 day moving average price is $28.95 and its two-hundred day moving average price is $29.00. 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.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1361 dividend. The ex-dividend date was Monday, March 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.