VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Short Interest Up 26.4% in January

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 773,700 shares, an increase of 26.4% from the January 15th total of 612,300 shares. Based on an average daily volume of 779,100 shares, the short-interest ratio is presently 1.0 days.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of VanEck Fallen Angel High Yield Bond ETF stock traded up $0.05 during trading on Friday, reaching $28.97. 552,880 shares of the stock traded hands, compared to its average volume of 938,539. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business has a fifty day simple moving average of $28.87 and a two-hundred day simple moving average of $29.00. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.1563 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGL. State of Tennessee Department of Treasury lifted its stake in VanEck Fallen Angel High Yield Bond ETF by 4.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 5,129,285 shares of the company’s stock worth $147,057,000 after purchasing an additional 195,085 shares during the last quarter. LPL Financial LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% during the third quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after acquiring an additional 246,899 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 2,925,316 shares of the company’s stock valued at $83,869,000 after acquiring an additional 116,162 shares in the last quarter. Cerity Partners LLC raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,849,242 shares of the company’s stock valued at $81,688,000 after acquiring an additional 46,829 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,582,858 shares of the company’s stock valued at $45,381,000 after acquiring an additional 535,771 shares in the last quarter.

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.