Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Grows By 31.4%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 239,600 shares, a growth of 31.4% from the February 13th total of 182,400 shares. Based on an average trading volume of 793,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 345,027 shares of the company’s stock worth $9,892,000 after buying an additional 2,665 shares during the last quarter. Capstone Triton Financial Group LLC grew its stake in VanEck Fallen Angel High Yield Bond ETF by 1.9% during the 4th quarter. Capstone Triton Financial Group LLC now owns 74,030 shares of the company’s stock worth $2,122,000 after buying an additional 1,402 shares during the last quarter. IronOak Wealth LLC. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $2,017,000. Park Square Financial Group LLC purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $101,000. Finally, Bernard Wealth Management Corp. purchased a new position in VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth approximately $167,000.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

Shares of NASDAQ ANGL opened at $28.92 on Tuesday. 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. The firm has a market capitalization of $2.99 billion, a PE ratio of 60.80 and a beta of 0.52. The stock’s 50-day simple moving average is $28.91 and its 200-day simple moving average is $29.00.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1361 per share. 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.