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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 627,000 shares, a growth of 268.8% from the November 15th total of 170,000 shares. Based on an average daily volume of 728,200 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On VanEck Fallen Angel High Yield Bond ETF

Several hedge funds have recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in VanEck Fallen Angel High Yield Bond ETF in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake in VanEck Fallen Angel High Yield Bond ETF by 138.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 898 shares of the company’s stock worth $26,000 after buying an additional 522 shares during the period. Assetmark Inc. lifted its holdings in VanEck Fallen Angel High Yield Bond ETF by 281.2% in the 3rd quarter. Assetmark Inc. now owns 1,357 shares of the company’s stock worth $40,000 after buying an additional 1,001 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the third quarter valued at about $45,000. Finally, Cultivar Capital Inc. purchased a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the second quarter worth about $121,000.

VanEck Fallen Angel High Yield Bond ETF Stock Down 0.2 %

NASDAQ ANGL traded down $0.05 on Friday, hitting $29.07. 445,505 shares of the stock were exchanged, compared to its average volume of 979,629. The company has a 50-day moving average price of $29.06 and a 200-day moving average price of $28.90. The company has a market cap of $3.06 billion, a PE ratio of 0.48 and a beta of 0.52. 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 business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1568 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.47%.

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.