VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Sees Significant Growth in Short Interest

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 615,092 shares, a growth of 172.4% from the June 30th total of 225,817 shares. Based on an average daily volume of 668,091 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL traded up $0.07 on Monday, reaching $28.89. 965,689 shares of the stock traded hands, compared to its average volume of 868,808. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 59.37 and a beta of 0.42. VanEck Fallen Angel High Yield Bond ETF has a 12 month low of $28.35 and a 12 month high of $29.77. The stock’s 50-day moving average price is $29.07 and its 200-day moving average price is $29.20.

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VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.171 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On VanEck Fallen Angel High Yield Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. bought a new position in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter worth about $26,000. Caldwell Trust Co boosted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 306.3% during the 4th quarter. Caldwell Trust Co now owns 1,028 shares of the company’s stock valued at $30,000 after acquiring an additional 775 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of VanEck Fallen Angel High Yield Bond ETF during the 4th quarter valued at about $35,000. Western Wealth Management LLC bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the first quarter valued at about $49,000. Finally, SHP Wealth Management bought a new stake in VanEck Fallen Angel High Yield Bond ETF in the fourth quarter valued at about $98,000.

VanEck Fallen Angel High Yield Bond ETF Company Profile

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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.

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