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

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 784,600 shares, a growth of 227.5% from the February 28th total of 239,600 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 995,800 shares, the short-interest ratio is currently 0.8 days.

VanEck Fallen Angel High Yield Bond ETF Stock Performance

ANGL stock opened at $28.83 on Friday. The firm has a 50 day moving average price of $28.95 and a 200-day moving average price of $28.99. VanEck Fallen Angel High Yield Bond ETF has a 52-week low of $26.98 and a 52-week high of $29.47. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 60.45 and a beta of 0.52.

VanEck Fallen Angel High Yield Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1361 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of VanEck Fallen Angel High Yield Bond ETF by 1,856.5% during the fourth quarter. BNP Paribas Financial Markets now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 854 shares in the last quarter. Biltmore Family Office LLC boosted its stake in VanEck Fallen Angel High Yield Bond ETF by 593.3% during the 4th quarter. Biltmore Family Office LLC now owns 936 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 38.1% in the 4th quarter. Van ECK Associates Corp now owns 1,414 shares of the company’s stock worth $41,000 after purchasing an additional 390 shares in the last quarter. Transce3nd LLC purchased a new position in shares of VanEck Fallen Angel High Yield Bond ETF in the fourth quarter worth $46,000. Finally, Howe & Rusling Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the fourth quarter valued at $56,000.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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.