Short Interest in VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) Declines By 29.6%

VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 186,800 shares, a decrease of 29.6% from the December 15th total of 265,400 shares. Based on an average daily volume of 712,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of VanEck Fallen Angel High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGL. LPL Financial LLC increased its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 7.0% in the 3rd quarter. LPL Financial LLC now owns 3,772,806 shares of the company’s stock valued at $110,958,000 after purchasing an additional 246,899 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of VanEck Fallen Angel High Yield Bond ETF by 4.1% during the 4th 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 during the period. Cerity Partners LLC boosted its stake in shares of VanEck Fallen Angel High Yield Bond ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 2,802,413 shares of the company’s stock worth $82,419,000 after acquiring an additional 70,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of VanEck Fallen Angel High Yield Bond ETF by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,376,646 shares of the company’s stock worth $40,487,000 after acquiring an additional 38,164 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in VanEck Fallen Angel High Yield Bond ETF by 0.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,229,659 shares of the company’s stock valued at $34,799,000 after purchasing an additional 10,666 shares in the last quarter.

VanEck Fallen Angel High Yield Bond ETF Price Performance

Shares of ANGL traded up $0.02 during midday trading on Friday, reaching $28.90. 134,114 shares of the stock were exchanged, compared to its average volume of 973,658. VanEck Fallen Angel High Yield Bond ETF has a twelve month low of $26.98 and a twelve month high of $29.47. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 0.48 and a beta of 0.52. The business’s 50-day moving average price is $28.92 and its 200 day moving average price is $28.94.

VanEck Fallen Angel High Yield Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 27th were given a dividend of $0.1564 per share. This is an increase from VanEck Fallen Angel High Yield Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Friday, December 27th.

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.