Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Increases By 172.4%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 615,092 shares, an increase of 172.4% from the June 30th total of 225,817 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 668,091 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 20,594,595 shares of the company’s stock worth $612,277,000 after buying an additional 1,193,879 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 5.1% in the fourth quarter. Cerity Partners LLC now owns 3,334,783 shares of the company’s stock valued at $97,926,000 after buying an additional 163,292 shares in the last quarter. Southern Farm Bureau Life Insurance grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 110.1% during the fourth quarter. Southern Farm Bureau Life Insurance now owns 2,587,512 shares of the company’s stock worth $76,045,000 after acquiring an additional 1,356,065 shares during the period. Morgan Stanley grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 3.4% during the fourth quarter. Morgan Stanley now owns 2,568,558 shares of the company’s stock worth $75,426,000 after acquiring an additional 83,928 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in VanEck Fallen Angel High Yield Bond ETF by 21.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,960,664 shares of the company’s stock worth $57,575,000 after acquiring an additional 348,040 shares during the period.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL stock traded up $0.01 during mid-day trading on Tuesday, hitting $28.90. The stock had a trading volume of 78,624 shares, compared to its average volume of 863,034. The firm has a market cap of $3.08 billion, a PE ratio of 59.37 and a beta of 0.42. The company’s 50-day simple moving average is $29.07 and its 200-day simple moving average is $29.19. VanEck Fallen Angel High Yield Bond ETF has a fifty-two week low of $28.35 and a fifty-two week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.171 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.