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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 557,800 shares, a decline of 61.5% from the March 31st total of 1,450,000 shares. Based on an average daily volume of 1,237,700 shares, the short-interest ratio is presently 0.5 days.

VanEck Fallen Angel High Yield Bond ETF Trading Down 0.2 %

NASDAQ ANGL traded down $0.07 on Thursday, hitting $28.24. 902,136 shares of the company traded hands, compared to its average volume of 1,255,463. The business’s 50 day moving average price is $28.70 and its 200-day moving average price is $28.31. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.28 and a 52-week high of $29.21. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 0.47 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a $0.152 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date was Monday, April 1st.

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

A number of hedge funds have recently made changes to their positions in the company. State of Tennessee Treasury Department lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 61.9% in the fourth quarter. State of Tennessee Treasury Department now owns 3,933,600 shares of the company’s stock worth $113,209,000 after buying an additional 1,504,000 shares in the last quarter. LPL Financial LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 18.5% during the third quarter. LPL Financial LLC now owns 2,762,840 shares of the company’s stock valued at $74,762,000 after purchasing an additional 431,597 shares during the period. Capital Investment Advisors LLC raised its position in VanEck Fallen Angel High Yield Bond ETF by 3.2% during the fourth quarter. Capital Investment Advisors LLC now owns 2,713,464 shares of the company’s stock valued at $78,094,000 after purchasing an additional 84,710 shares during the period. Envestnet Asset Management Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 10.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,167,274 shares of the company’s stock valued at $62,374,000 after purchasing an additional 211,090 shares during the period. Finally, Ameriprise Financial Inc. raised its position in VanEck Fallen Angel High Yield Bond ETF by 53.9% during the third quarter. Ameriprise Financial Inc. now owns 2,060,940 shares of the company’s stock valued at $55,796,000 after purchasing an additional 721,999 shares during the period.

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.