VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 148.2% in May

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 7,470,000 shares, an increase of 148.2% from the April 30th total of 3,010,000 shares. Based on an average daily trading volume, of 2,256,100 shares, the short-interest ratio is currently 3.3 days.

Shares of ANGL stock opened at $29.34 on Friday. The company’s fifty day moving average price is $29.14 and its 200-day moving average price is $30.92. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $27.77 and a 12 month high of $33.43.

The business also recently disclosed a monthly dividend, which was paid on Friday, May 6th. Investors of record on Tuesday, May 3rd were given a dividend of $0.109 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $1.31 dividend on an annualized basis and a yield of 4.46%. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.10.

Hedge funds have recently modified their holdings of the stock. Ascendant Capital Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at about $5,869,000. Nomura Asset Management Co. Ltd. acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $14,497,000. Stiles Financial Services Inc acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $266,000. Fluent Financial LLC acquired a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth about $3,855,000. Finally, Citigroup Inc. boosted its holdings in VanEck Fallen Angel High Yield Bond ETF by 15.5% in the fourth quarter. Citigroup Inc. now owns 284,317 shares of the company’s stock worth $9,374,000 after acquiring an additional 38,074 shares in the last quarter.

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