VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Large Decrease in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 292,200 shares, a decrease of 71.6% from the May 14th total of 1,027,326 shares. Based on an average trading volume of 595,158 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL remained flat at $29.11 during mid-day trading on Friday. The stock had a trading volume of 567,715 shares, compared to its average volume of 925,398. The company has a market capitalization of $3.05 billion, a PE ratio of 59.37 and a beta of 0.43. The stock has a 50 day simple moving average of $29.09 and a 200 day simple moving average of $29.27. VanEck Fallen Angel High Yield Bond ETF has a 52 week low of $28.35 and a 52 week high of $29.77.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. bought a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at $26,000. Caldwell Trust Co raised its position in VanEck Fallen Angel High Yield Bond ETF by 306.3% during the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after purchasing an additional 775 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF in the 4th quarter worth approximately $35,000. Western Wealth Management LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 1st quarter valued at $49,000. Finally, SHP Wealth Management purchased a new stake in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at $98,000.

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.